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Hotels in Ireland Report Strong RevPAR Growth

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According to STR Global, Ireland reported RevPAR increases of 11.8% to EUR60.30 for the 12-months to January 2013 period compared with the same timeframe prior year.

 The country's performance benefited from improving demand levels with 4.9% more rooms occupied in the reviewed timeframe.

Because air and sea transport links in Cork were reduced over recent years, that market saw the only decrease in demand(3.3%) of the selected Irish markets. Despite the decreases in demand and room availability (-4.4%), the market managed to improve its RevPAR (+3.2%) year on year.

The strengthening Irish hotel market coincides with the growing sample of hotels reporting monthly and daily performance data to STR Global. STR Global now tracks more than 18,100 rooms across Ireland with the majority of rooms located in the Dublin market (12,500 rooms). This represents an increase in the number of rooms tracked across the country by 23.5% and by 25.6% for the Dublin market compared with March 2012.

"We are delighted to be assisting more and more hotels across the Irish Republic with our reports and access to market intelligence," said Elizabeth Randall Winkle, managing director of STR Global. "Irish hoteliers have come through very tough market conditions, and we are looking forward to be able to assist our current and future clients with the market knowledge they need to make informed decisions."

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