Hotel & Restaurant Sector

Hotel occupancy at just 12.6% for those still open in April

The Irish Times – 21.05.2020

Occupancy in the few hotels in the Republic that remained open in April was running at 12.6 per cent. Data from travel research group STR lays bare the extent of the hit to hotels from the coronavirus lockdown, with occupancy in Dublin declining by 85 per cent in April compared to the same month in 2019 and occupancy in regional Ireland down by 80 per cent. In Dublin, actual occupancy of the few hotels that remained open was 16.2 per cent in the month. Revenue per available room, a key metric in the hotel business, also declined sharply, slipping almost 90 per cent in Dublin to just €11.54.

RAI urges government to 'force landlords to slash rent' during COVID-19 crisis

Hospitality Ireland - 12.05.2020

The Restaurants Association of Ireland (RAI) has urged the government to "take decisive action and force landlords to slash rent" during the COVID-19 crisis, with the association's CEO saying that landlords "need to take some pain" if the hospitality industry is to survive.