The majority of planned development in 2018 /19 will take place in the central locations of Dublin 1 and 2, followed by Dublin 8 and Dublin Airport.
By 2019, Savills expect almost 90% of new supply to come from new hotels. Four-star Dublin hotel stock will increase by 65% in 2017 and 2018 while five-star stock will increase by 25% by the end of the year.
Tom Barrett, Director, Savills Hotels & Leisure commented:
“Most Dublin hotels trade in both the leisure and corporate markets and hotel development is also targeted at both markets. The 2018/19 pipeline will bring new supply to the Aparthotel and Budget sectors, which are currently under-represented in Dublin.”
Hotels currently under construction include:
- Aloft, Dublin 8
- Clayton Hotel Charlemont St, Dublin 2
- Maldron Hotel, Kevin St, Dublin 8
- Marlin Bow Lane, Dublin 2
- Boutique Hotel (Paddy McKillen Jnr.) Ranelagh, Dublin 6
- Pinebrook House, Dublin 2
Extensions include:
- The Dylan, Dublin 4
- Trinity City Hotel, Dublin 2
- The Merrion Hotel, Dublin 2
- Hilton Garden Inn Dublin, Dublin 1
- Castleknock Hotel & Country Club, Dublin 15
Developments are being considered and progressed by the likes of:
- Amaris
- Dalata
- FBD
- McGettigan Hotel Group
- MHL
- Paddy McKillen Jnr
- Seraphine Hotel Group
- Tetrarch
- Tifco
The announcement comes a week after
reports from hotel market data experts, STR, found that there was an increase of 5.5% in Dublin since 2016 for the daily rate of a room, which averages at €129.04.
