For the first 11 months of 2025, JLL research shows that total hotel transaction volumes in Ireland have already reached a record breaking €1.66 billion. This includes an estimated €1 billion of Irish hotels with the Dalata Hotel Group plc take private, but nonetheless, there were still an estimated €660 million of hotels sales completed outside of this.
JLL said this strong market activity demonstrates Ireland’s growing attractiveness as a hotel market to invest in, attracting a multitude of investor types from across the globe.
“Major events helped sustain strong Dublin hotel performance in 2025, with RevPAR growing by +1.3% in the year to date,” said Jayne Brennan, analyst EMEA Hotels & Hospitality Capital Markets at JLL.
“The long-awaited return of Oasis to Croke Park, two major American football games, and the welcomed suspension of the passenger cap at Dublin Airport, all delivered solid international visitor numbers.”
Brennan went on to say Ireland as a whole faired even better, with RevPAR in key cities such as Limerick, Cork and Galway, growing by 3.8%, 5.1% and 4.6% in the YTD 2025, respectively.
However, provincial hotel markets in particular have seen very limited new hotel openings in recent years. A benign new hotel supply environment has supported strong trading fundamentals there.
The JLL research shows that Dublin saw 2,000 new hotel ‘keys’ open in 2023, however this fell to 700 keys in 2024. This year, that figure is expected to fall to just 621 keys. JLL said this shrinkage demonstrates the impact of high construction and financing costs, and indeed planning delays, on new hotel development in the capital.
Despite these challenges, 2025 brought notable additions such as the new 129-guestroom Hoxton Dublin, which opened last month, marking the Hoxton brand’s Irish debut. CitizenM and the Moxy at East Wall also both opened in 2025, contributing further new hotel supply into Dublin.
The year ahead also promises a few more ‘firsts’, including Irelands’ first terminal linked hotel (Sofitel) and the first new five-star hotel to open in a long while, being the Hawthorn in Galway.