Report
Irish Hotel Market 2026
30,000 Rooms, a New Five-Star, the Ryder Cup Boost and an Evolving City Centre
November 11, 2026 7 Minute Read
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- Irish hotel transaction volumes reached €1.4bn on a rolling 12-month basis to the end of Q3 2026, more than double the 10-year annual average (€624m), but just €189m has traded in the year-to-date (YTD).
- Dublin occupancy is broadly flat at 84.7% YTD to September, and while ADR is nominally up 1.3% to €177.79, Irish CPI is running at +3.3% over the same nine month period, so rate increases are actually lower than general inflation.
- Dublin hotel stock is on course to breach 30,000 bedrooms for the first time, with 3,505 keys under construction and due to open by 2028. Budget and midscale product will account for 44% of delivery, and the opening of the Sofitel in Q1 2027 will mark the first new five-star hotel to open in Dublin since The Marker in 2013.
- Dublin city centre continues to shift toward living-led real estate. A growing number of hotel schemes in the planning pipeline involve converting former office and retail buildings, as owners look to repurpose secondary space and take advantage of strong hotel demand.
- Prime Dublin leased yields are now 5.00%, still one of the sharpest in Europe reflecting strong fundamentals, and in line with Paris and Madrid.