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Hotel Revenues in Ireland, Steady Increase in May 2018

Written by: Editor

The accommodation units in Ireland reported very good results at the level of May 2018. Investors who are considering to open a company in Ireland in the accommodation sector must know that in May 2018, the revenues per room increased by 13,6% in the city of Dublin, and by 18,3% in the regions outside Dublin
 
On a year-to-year basis, the revenues per available room in Ireland increased by 9,7% (at the level of May). Our team of specialists in company registration in Ireland can provide in-depth information on the business permits that are available for this type of business, as the investors who want to operate in this industry will need to obtain a set of licenses for their accommodation unit
 

High occupancy rate for Irish hotels in May 2018

 
The revenues obtained by the accommodation units that operate in Dublin, Ireland were influenced on a positive manner due to the occupancy rate, which increased at a fast pace from April (6,6%) to May (12,3%). However, in regions outside Dublin, the occupancy rate increased from April to May by 4.1%
 
Since this type of business is set up for commercial purposes, the company will be imposed with a set of standard taxes. In the case of an accommodation unit, the value added tax (VAT) also applies, but it is important to know that this sector benefits from a reduced VAT, imposed a rate of 9% starting with 2011. Our team of consultants in company formation in Ireland can offer more details regarding the taxes applicable to hotels and other similar accommodation units operating here. 
 

Relevant information on the hospitality sector in Ireland 

 
At the level of 2017, the hospitality sector had a total value of EUR 3 billion. This sector accounts for 8% of the total employment market and the highest rate of employees working in this industry are hired in Dublin. More than 50,000 employees performing activities specific to this industry are working in the capital city.  
 
From the entire hospitality sector – represented by approximately 16,000 companies - 14% of them are accommodation units
 
Businessmen are invited to contact our team of representatives in company registration in Ireland for more details concerning the regulations addressed to the accommodation sector