Weekend events drove Dublin hotel rates past €300

Boosted by three large-scale events during the final weekend of June, Dublin hotel average daily rate (ADR) eclipsed EUR300 for just the second time this year and sixth time in history, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Taylor Swift headlined the busy weekend in Dublin with three performances from Friday-Sunday (28-30 June) at the Aviva Stadium. Swift’s tour overlapped with Dublin Pride, which took place on Saturday as well as the All-Ireland GAA quarterfinals on Saturday and Sunday.

The market’s hotel performance peaked on Saturday (29 June) with occupancy at 95.5%, ADR of EUR305.30 and revenue per available room (RevPAR) of EUR291.59. The occupancy level was basically flat (-0.3%) year over year, but ADR (+25.8%) and RevPAR (+25.4%) were up substantially. Sunday ADR was lower at EUR259.94, but that value represented a 40.4% increase year over year.

“As expected, this trifecta of high-profile events drove substantial increases in ADR and RevPAR as nearly 600,000 fans, supporters, and tourists flocked to the city,” said Sarah Duignan, director of client relationships at STR. “Such a busy weekend underscores the critical role large-scale events play in stimulating the local hospitality industry and broader economy.”

Dublin’s three submarkets showed a similar pattern with performance peaks on Saturday, 29 June. Dublin City Centre posted a 95.8% occupancy level with highs in ADR (EUR357.08) and RevPAR (EUR342.16). Dublin Surrounding saw an occupancy level of 94.2%, with ADR and RevPAR reaching EUR260.52 and EUR245.49, respectively. Dublin Airport saw the highest occupancy that night (97.2%), but that level was attributable to the ongoing Aer Lingus pilot strikes.

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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 82,000 properties and 10.7 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

News Media Contact
Haley Luther
Senior Communications Manager – STR
(216) 278-0627
hluther@str.com

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CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted 170 million quarterly average monthly unique visitors for the first quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.