Ireland has the cheapest hotel rooms in Western Europe, with room rates falling an additional 4% in the first six months of the year, according to the latest survey from Hotels.com.
Its Hotel Price Index reports that while hotel rates are starting to stabilise globally with a 2% increase in the first half of the year, here in Ireland the recovery is taking longer.
The Index shows that room rates in Dublin fell 7% from €78 to €73, making the city one of the least expensive major city destinations globally. Rates in Killarney dropped by 16% in the months January to June, falling to €93 in the second quarter. In Galway, rates declined by 12% to €98.
Kilkenny toppled Killarney to take the title of the most expensive destination in Ireland. Despite prices falling 14% year-on-year, the average room rate for a hotel in Kilkenny is €123 per night according to Hotels.com. Sligo and Castlebar were the only two areas to record an increase in the period. Room rates in Sligo were up 5% from €82 to €86 while hotels in Castlebar increased by 4%, bringing the average hotel room price to €77 per night.
Cork hotel prices fell a further 5% year-on-year to €76. Waterford remains the cheapest city in Ireland (€50) with prices down a further 11% compared to this time last year.
With an average room rate of €79 Ireland is now the fourth most inexpensive in the Eurozone after the Czech Republic (€76), Poland (€74) and Hungary (€70).
I think for the most part we are getting much better value for money now than we were 2 years ago. House prices are down. Rents are down. Clothing costs are lower. Food prices are down... etc.
Some prices are kept artificially high by fools who are willing to pay them. For example, rents. Although they are drastically reduced from the peak, people are still willing to pay high rents which keeps the market artificially high. The same fools that were willing to pay a half million for a 3 bed house
JohnnyT: I think for the most part we are getting much better value for money now than we were 2 years ago. House prices are down. Rents are down. Clothing costs are lower. Food prices are down... etc.
Some prices are kept artificially high by fools who are willing to pay them. For example, rents. Although they are drastically reduced from the peak, people are still willing to pay high rents which keeps the market artificially high. The same fools that were willing to pay a half million for a 3 bed house
I heard recently that prices were about to rise again! They're expecting inflation. But essentials like electricity, gas and fuel oil I understand are amongst the highest in the EU! And then there's the whole VRT thing that Europe is unhappy about but refuses to do anything about. And insurance costs which were already over inflated are about to go through the roof after the frost and the flooding last winter.
2 litres of milk can be purchased for under £1 in the UK. You're doing well to get it for under €2 here and it isn't going to the farmers.
JohnnyT: I think for the most part we are getting much better value for money now than we were 2 years ago. House prices are down. Rents are down. Clothing costs are lower. Food prices are down... etc.
Some prices are kept artificially high by fools who are willing to pay them. For example, rents. Although they are drastically reduced from the peak, people are still willing to pay high rents which keeps the market artificially high. The same fools that were willing to pay a half million for a 3 bed house
High rates of rent allowances are keeping rents high in this country, if the government reduced rent allowance by lets say 40% in Dublin then rents would fall through the roof making the cost of living cheaper, of course every landlord will be completely peeved off.
Godsgift: 2 litres of milk can be purchased for under £1 in the UK. You're doing well to get it for under €2 here and it isn't going to the farmers.
So yes. I believe we are still being ripped off!
In my local Spar I can buy 2 litres of milk for €1.39. In Tesco (the lifesavers of this recession.. except for their ridiculously high meat prices) it's even cheaper.
The problem with Irish people is we don't shop around. We just bend over and take it.
When my insurance company tried to raise the price - I told them where to go. When Vodafone didn't resolve my complaint to my satisfaction, I moved to O2. When the local newsagent charges €2.20 for milk, I go to Spar.
Pretty simple way of doing business and not enough of us do it.
Ross30: High rates of rent allowances are keeping rents high in this country, if the government reduced rent allowance by lets say 40% in Dublin then rents would fall through the roof making the cost of living cheaper, of course every landlord will be completely peeved off.
I hate to sound like Bernard from Yes Minister but prices can either fall through the floor or rise through the roof!
(Unless the building was in the process of collapsing)
Ross30: High rates of rent allowances are keeping rents high in this country, if the government reduced rent allowance by lets say 40% in Dublin then rents would fall through the roof making the cost of living cheaper, of course every landlord will be completely peeved off.
As far as I know they already reduced rent allowance.
My viewpoint on this comes from my mates. They all insist on paying ridiculous rents. Just after the property bubble burst and I was negotiating with my landlord to drop the rent to €800 for a 3 bed, one of my mates agrees to rent a 3 bed in Ballybough for €1,300!!! When everyone laughed at him, he rang them back and got them down to €1,150. Far too high still for a crappy 3 bed in an area that should have relatively low prices.
Rent allowance isn't the problem. It's young professionals like myself that have no kids or responsibility and they just waste money.
JohnnyT: In my local Spar I can buy 2 litres of milk for €1.39. In Tesco (the lifesavers of this recession.. except for their ridiculously high meat prices) it's even cheaper.
The problem with Irish people is we don't shop around. We just bend over and take it.
When my insurance company tried to raise the price - I told them where to go. When Vodafone didn't resolve my complaint to my satisfaction, I moved to O2. When the local newsagent charges €2.20 for milk, I go to Spar.
Pretty simple way of doing business and not enough of us do it.
Your thinking logically but is logic a trait that is associated with Irish people I think not
JohnnyT: As far as I know they already reduced rent allowance.
My viewpoint on this comes from my mates. They all insist on paying ridiculous rents. Just after the property bubble burst and I was negotiating with my landlord to drop the rent to €800 for a 3 bed, one of my mates agrees to rent a 3 bed in Ballybough for €1,300!!! When everyone laughed at him, he rang them back and got them down to €1,150. Far too high still for a crappy 3 bed in an area that should have relatively low prices.
Rent allowance isn't the problem. It's young professionals like myself that have no kids or responsibility and they just waste money.
€1150 for a 3 bedroom in Ballybough thats insane, they've reduced rent allowance in quiet a few areas but in Dublin they only reduced rent allowance by 1% under the most recent review.
JohnnyT: In my local Spar I can buy 2 litres of milk for €1.39. In Tesco (the lifesavers of this recession.. except for their ridiculously high meat prices) it's even cheaper.
The problem with Irish people is we don't shop around. We just bend over and take it.
When my insurance company tried to raise the price - I told them where to go. When Vodafone didn't resolve my complaint to my satisfaction, I moved to O2. When the local newsagent charges €2.20 for milk, I go to Spar.
Pretty simple way of doing business and not enough of us do it.
Very true
I think if we all shopped around more and were more reluctant to just pay the prices that were charged, businesses would be forced to drop their prices. Same can be said for landlords.
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Its Hotel Price Index reports that while hotel rates are starting to stabilise globally with a 2% increase in the first half of the year, here in Ireland the recovery is taking longer.
The Index shows that room rates in Dublin fell 7% from €78 to €73, making the city one of the least expensive major city destinations globally. Rates in Killarney dropped by 16% in the months January to June, falling to €93 in the second quarter. In Galway, rates declined by 12% to €98.
Kilkenny toppled Killarney to take the title of the most expensive destination in Ireland. Despite prices falling 14% year-on-year, the average room rate for a hotel in Kilkenny is €123 per night according to Hotels.com. Sligo and Castlebar were the only two areas to record an increase in the period. Room rates in Sligo were up 5% from €82 to €86 while hotels in Castlebar increased by 4%, bringing the average hotel room price to €77 per night.
Cork hotel prices fell a further 5% year-on-year to €76. Waterford remains the cheapest city in Ireland (€50) with prices down a further 11% compared to this time last year.
With an average room rate of €79 Ireland is now the fourth most inexpensive in the Eurozone after the Czech Republic (€76), Poland (€74) and Hungary (€70).