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Sean MacEntree

It is about to get a whole lot more expensive to stay in Dublin hotels

But there will still be plenty of pricier places to holiday in Europe.

DUBLIN IS EXPECTED to have the fastest-rising hotel room prices among major European cities both this year and the next.

A report from PwC predicted the capital’s average daily room rate would hit €102 in 2015 and increase further to €109 in 2016 – putting prices back on par with their 2007 peaks.

A lack of new building meant occupancy rates rose to 78% last year, the fourth-highest in Europe, which is past the previous record set in 2006.

No new hotels are expected to open in the city this year, although some are increasing capacity through extensions and other works.

But Dublin remains a long way outside the most expensive cities across Europe, ranking only 13th on the list of pricey destinations for this year.

In comparison, the average rate in Europe’s dearest city, Paris, is expected to hit €257 per night this year – up from €252 in 2014.

Here are the most-expensive destinations for 2015, according to PwC’s forecasts:

Hotels PwC European cities hotel forecast PwC European cities hotel forecast

‘A star performer’

PwC Ireland’s Jennifer Gillen said Dublin was a “star performer” in Europe for hotel owners, based on the extra money they were now making from each room.

Dublin continues to offer good value for visitors, with rooms considerably cheaper than European cities such as Paris, London, Rome, Amsterdam, Barcelona – it is important that we continue to stay competitive and offer good value,” she said.

However the report also noted hotels were facing increased threats from a range of competitors, from home-sharing websites like Airbnb to “new-style hostels”.

In said in one of the most costly hotel markets, Geneva, the stock of Airbnb properties had hit 16% of the city’s total available rooms and they were competing directly with hoteliers.

In Ireland, the Revenue Commissioners recently clarified its position that local Airbnb hosts were liable for tax on their rental income. One host told TheJournal.ie the move would discourage people from making rooms available on the site, further pushing up prices in the city.

READ: Dublin hotel tells Ed Sheeran fans to stay in homeless shelters if not happy with its price >

READ: You could’ve bought a big hotel for under €1m today, but someone else did >

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42 Comments
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    Mute Chutes
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    Sep 26th 2024, 9:55 AM

    It’s Ireland, there will be loopholes in the loopholes!

    189
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    Mute Thomas Sheridan
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    Sep 26th 2024, 2:09 PM

    @Chutes: You do realise that there can be absolutely legitimate reasons for developers taking years to assemble viable land banks, and they then have to go through the planning process or perhaps wait for local infrastructure to be upgraded before turning a sod.
    So, if apartments can not be built already at a cost that people (other than government quangos) could afford to pay, how will more taxes help.

    26
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    Mute Chutes
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    Sep 26th 2024, 2:27 PM

    @Thomas Sheridan: Literally says it at the end there!
    “That would facilitate land to come on stream, and ultimately that would have an impact in terms of reducing the cost of housing and providing housing and that’s a key policy issue at the present time, to deliver as much housing as we can.”

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    Mute Thomas Sheridan
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    Sep 26th 2024, 3:01 PM

    @Chutes: coming on stream is not the same as ready to build and sell at affordable prices and taking taxes in between is just an added cost for the buyer to pay

    18
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    Mute Antony Stack
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    Sep 26th 2024, 4:44 PM

    @Chutes: You are right. The process is as follows.
    Farmer can sell land and buy two farms further our in line for increased value as city expands.
    Farmer does not have the know-how, contacts, and money to get his land re-zoned.
    Farmer sells to a developer who will hold the land (unzoned) for many years (could be decades).
    The land may be sold several times at increasing values between a succession of speculators who know the potentail value
    Eventually the developer will get planning consultant, architect, engineer etc to submit for re-zoning.
    Councillors are kept sweet. . Council officials are got onside. Rezoning is by vote of the Council. Land is now zoned, but it can be a long wait before building starts. The value is going up all the time, it’ better than money in the bank. That is why the are called land banks.
    The land can be sold a few more times, generally at increasing prices.
    If the system crashes, the state nationalises the losses (in the form of NAMA)
    Finally houses get built, then the council thinks about roads, sewer, water, amenity etc. This why it’s called developer lead development.

    Alternative fur Germany, Czech, Nederlands, Denmark and everybody else
    Council plans a new suburb or extension to a suburb, with transportation, water services, open space etc.
    Council buys the land from the farmer and sells it to builders.
    The ‘planning gain’ does not go to a succession of private owners.

    Why are we different? Because our Constitution gives priority to private property ownership over common good. Other countries have been so much affected by wars, they are used to putting the ‘common good’ first.

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    Mute Chutes
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    Sep 26th 2024, 4:46 PM

    @Thomas Sheridan: Did I make a point somewhere you felt needed to be countered?

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    Mute Sandy Seeteen
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    Sep 26th 2024, 6:28 PM

    @Antony Stack:

    Great points very well put

    1
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    Mute Soundy Sound
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    Sep 26th 2024, 10:00 AM

    I see USA are asking Israel to stop dropping the bombs they are supplying to them. Can they really not see how ridiculous this is?

    228
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    Mute Buster Lawless
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    Sep 26th 2024, 10:18 AM

    @Soundy Sound: well, a kinda pause….. Till after the US election….. After that, bomb away

    66
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    Mute The Risen
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    Sep 26th 2024, 10:38 AM

    @Soundy Sound: Nonce.

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    Mute Jonny Hellzapoppin
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    Sep 26th 2024, 10:44 AM

    @The Risen: Is that Pádraig Pearse on your profile? A man who had a keen interest in young boys? And you’re dumb enough to fire words like that at people you disagree with because you haven’t the intelligence to construct a sentence

    53
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    Mute The Risen
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    Sep 26th 2024, 10:46 AM

    @Jonny Hellzapoppin: All lies.

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    Mute Darth O'Leary
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    Sep 26th 2024, 11:22 AM

    @Jonny Hellzapoppin: That f**kwit has Pearce in his profile picture for trolling purposes only. There is precisely ZERO evidence of impropriety towards young boys on Pearce’s part. It was a rumour started by an anti-republican, revisionist historian

    41
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    Mute sean weir
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    Sep 26th 2024, 1:15 PM

    @Jonny Hellzapoppin: well that’s bs

    9
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    Mute Thomas Sheridan
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    Sep 26th 2024, 2:01 PM

    @Soundy Sound: Has anyone considered asking the terrorists in the ME to stop firing explosive rockets into Israel.

    11
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    Mute Soundy Sound
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    Sep 26th 2024, 2:26 PM

    @Thomas Sheridan: yes, pretty much the whole western world has but they aren’t supplying them with weapons while asking them to stop.

    18
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    Mute Alex
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    Sep 26th 2024, 3:32 PM

    @Soundy Sound: Let’s hope they keep dropping them until nothing is left.

    3
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    Mute Brian D'Arcy
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    Sep 26th 2024, 4:34 PM

    @Alex: Ironic, I’m sure that you would have demanded that the Tans kept burning the towns and cities until the IRA were gone, of course not acknowledging, like Israel that the destruction is against ordinary people, but of course, a child will grow up to be a terrorist in your view, justifying them being killed and not asking why people join these paramilitary forces. Brains aren’t for everyone.

    15
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    Mute Colin Mc
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    Sep 26th 2024, 11:01 AM

    What a load of waffle. This will never be implemented. My family has been trying to build on land and and create jobs and homes for last 3 years and an board planaulla consistently refused. And now they want tax us.

    It’s all upside-down and inside out in this country.

    Shame on all local counsellors , td’s and ministers.

    Your no better then thather.

    113
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    Mute Thesaltyurchin
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    Sep 26th 2024, 5:30 PM

    @Colin Mc: Its mad eh, still trying to shoot the same fish in the same barrel, year on year, Politicians are a big joke really, they do nothing ‘for’ us… the answer there own question in the article… ‘addressing land prices is “arguably the only way policymakers can significantly reduce the cost of supplying a house”, as most other cost elements, such as labour and materials, are broadly outside the control of the Government.’… buy a construction company, place controls on price gouging (Kilsaran etc)… they’ll never do it tho, because it equates to ‘work’… a lot easier to waffle on an pontificate, drop the odd tax. total bs.

    12
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    Mute Joe McNamara
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    Sep 26th 2024, 11:01 AM

    This proposed tax will not work. The ERSI are wrong. Ultimately, this will be a further tax ( & burden) on young people buying their first homes.

    61
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    Mute Joe McNamara
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    Sep 26th 2024, 11:18 AM

    @Joe McNamara: Also maybe these dreamers in the ERSI might talk to a few house builders. Site values are about 10% of the sale price of a 3- bed semi.
    To reduce now house sale prices the government can do the following
    1) eliminate VAT as in Northern Ireland 13.5 %
    2) change house builder funding rules to allow stage payments 11%
    3) omit state planning & connection charges 7%
    4) simplify BCAR (building control) 4%
    etc etc
    In Ireland the actual cost of consuming a new house is less that 50% of the sale price.

    38
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    Mute Neuville-Kepler62F
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    Sep 26th 2024, 5:26 PM

    @Joe McNamara: Spot on. You can not have VAT or other “taxes/ levies” on basic needs like a house… as for food, water, education, medicine… Obscene.

    11
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    Mute Paul H
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    Sep 26th 2024, 9:55 AM

    So tax the owner into selling their land makes sense actually.

    53
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    Mute thomas molloy
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    Sep 26th 2024, 11:31 AM

    @Paul H: PRTB is already driving savings out of providing accommodation. This is another form of in effect nationalisation. We have one of the most left wing countries in the world already.

    33
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    Mute brian o'leary
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    Sep 26th 2024, 10:38 AM

    All land should be taxed as to its potential to encourage the owners to put it to propoer use or sell it to someone who can.

    43
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    Mute thomas molloy
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    Sep 27th 2024, 8:14 AM

    @brian o’leary: You seem to see it like if you bring in a bar stool tax it will get longtime inactive people to work. Or if you buy a shovel instead of a snooker cue you are a bad person and should be punished.

    1
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    Mute barry fay
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    Sep 26th 2024, 11:02 AM

    There is plenty of zoned land with permission granted( despite NIMBY objections) its not about land or even money…. there are not enough workers to build… how many kids do you know taking up a trade…

    32
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    Mute Pat Barry
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    Sep 26th 2024, 11:50 AM

    @barry fay: very few these days. Most are taking the college option and not even looking at trades. I even see it in my nephews and nieces. The 2 oldest are sitting the leaving in next year, but are already preparing for college.
    Personally, I think it is more that the parents are pushing the college option on their kids because even though everyone now seems to be taking the college route, parents still see it as being more prestigious than a trade like it was when they themselves were that age, when only the select few went to college, and the closest the rest of us got to it was block release to the local RTC

    17
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    Mute Brian D'Arcy
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    Sep 26th 2024, 4:28 PM

    Comments closed on Donohue’s telephone conversation that ‘never happened because he didn’t note it in his diary’, a call that no-one was supposed to know about and yet the Occupied Territories bill still not acted on, all I need to know.

    20
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    Mute Hunt Ley
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    Sep 26th 2024, 1:40 PM

    Too much corruption and kickbacks with local politicians and civil servants

    22
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    Mute Vince Cable
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    Sep 26th 2024, 10:23 AM

    Kevin Kerr shot JFK.

    21
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    Mute Julio's Evil Twin
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    Sep 26th 2024, 2:00 PM

    I’d rather put a haltin’ site on my land, than give in to this communist behavior..

    21
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    Mute Name
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    Sep 26th 2024, 5:13 PM

    @Julio’s Evil Twin: funny you say that. Henry George and Milton Friedman supported land taxes, calling them the “least bad taxes”. Hardly commies, weren’t they?

    5
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    Mute Julio's Evil Twin
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    Sep 26th 2024, 7:55 PM

    @Name: “land taxes are least bad taxes:… as they’re a way to increase wealth..”.

    Regardless of the Communists, I don’t wish to use my private property to increase my wealth..
    .
    My will is made, you’re probably one of those poor folk who want to tax inheritance to the max.. saying its ‘tax free money’ or something .. smh
    .

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    Mute Dramafree 2023
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    Sep 26th 2024, 3:56 PM

    This is nearly comical. Have been involved in the purchase/sale of a piece of land. 6 weeks to get preplanninig meeting…. this is now entering month 3 for a formal reply on the preplanning. Sale will surely fall throu before all that happens and then owner will get taxed… seriously! sort the planning first before the taxes!

    12
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    Mute Darth O'Leary
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    Sep 26th 2024, 11:36 AM

    CPO all planter land for 1c and allow these descendents of thieves to keep their house and 1acre of their ill-gotten gain. Being in possession of stolen property is a crime

    16
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    Mute Tom Newell
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    Sep 26th 2024, 4:24 PM

    Maybe the ESRI could ask for the removal of the exception on banks paying tax on profits

    11
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    Mute Colin Mc
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    Sep 26th 2024, 10:59 AM

    What a load of horse shit. This will never be implemented. My family has been trying to build on said land and create jobs and homes for last 3 years and an board planaulla consistently refused. And now they want tax us.

    It’s all upside-down and inside out in this country.

    Shame on all local counsellors , td’s and ministers.

    Your no better then thather

    30
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    Mute Padraig O'Brien
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    Sep 26th 2024, 12:22 PM

    Tax this custodians of the land?
    Hahahahahaha!

    8
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    Mute hans vos
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    Sep 26th 2024, 5:06 PM

    Don’t expect that soon. The government and their cronies don’t give up their windfalls that easy.

    7
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