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Bord Bia

Hotel & Restaurant Sector

 

Hotel sector experienced lowest profit growth in seven years

Hospitality Ireland - 17.07.2019

Audit, tax and business advisory firm Crowe Ireland has released its Annual Hotel Survey, which states that the Irish hotel sector experienced profit growth of 7% in 2018, which is a significant decline from the 12.5% growth achieved in 2017 and the sector's lowest level of profit growth in seven years. The survey, which was compiled from an analysis of Irish hotels' 2018 accounts, reveals that revenue from rooms and food sales grew at 5.9% and 2.6%, respectively, which were the lowest levels recorded in five years. This, it says, highlights the slowdown in revenue growth as a result of increased competition for restaurant and events customers from non-hotel outlets and no increase in occupancy levels attained in 2018.

 

ILAC Centre owners to add more food units to the property

Irish Times – 15.07.2019

The owners of Dublin’s ILAC Centre are investing in a renovation of the property, which will result in the addition of three new restaurants, a cafe and a new retail unit. Hammerson and Irish Life, joint owners of the shopping centre, will renovate its central square area to add the new outlets which will include a restaurant called Silverleaf and a retail store, Yours Clothing. The group will also reconfigure a unit at one of the shopping centre’s entrances to create a restaurant space split over two levels which could facilitate late-night trading on account of its access to Henry Street.

 

31 Restaurant Planning Applications Lodged For 100-Metre Radius Area In Dublin

Hospitality Ireland - 23.07.2019

According to Dublin City Council, 31 applications have been lodged over the past three years for planning permission relating to the redevelopment and opening of restaurants in the 100-metre radius between Dublin's George's Street South and the point at which Richmond Street South meets the Grand Canal. Dublin Town Chief Executive Richard Guiney expressed concerns about the proliferation of restaurants and cafés on the south side of Dublin city. Guiney told the Sunday Independent, "Our view in terms of the restaurant trade is that we're probably at saturation point on the south side of the city. We need to be more discerning in terms of the applications of more restaurant use. There is demand for high-quality outlets on the north side, and if people are interested in opening new venues, they should be encouraged to do so there." Guiney added that each new south side restaurant is likely to "take from others".