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17/10/2018
Decline In Tourism Sparks Worry For New Hotels
The business boom for Belfast hotels appears to have peaked, as occupancy rates are starting to decline, according to an industry body.
Analysis by the Northern Ireland Hotels Federation (NIHF) shows occupancy rates dipped by 3% between this summer and 2017.
An upswing in tourism caused a spate of new hotel builds, adding more than 1,000 rooms to the city's hotel market.
The NIHF said, however, that demand for rooms "has not kept pace with the increase in supply".
The federation expects it to be 2022 before the market absorbs the current hotel stock.
The development of new hotels will be delayed as a result.
Northern Ireland now has a total of 141 hotels with a combined total of 9,177 bedrooms.
NIHF Chief Executive Janice Gault said: "Attracting more visitors is paramount.
"We need to increase the size of the tourism cake to ensure that each hotel gets a good slice of business."
(JG)
Analysis by the Northern Ireland Hotels Federation (NIHF) shows occupancy rates dipped by 3% between this summer and 2017.
An upswing in tourism caused a spate of new hotel builds, adding more than 1,000 rooms to the city's hotel market.
The NIHF said, however, that demand for rooms "has not kept pace with the increase in supply".
The federation expects it to be 2022 before the market absorbs the current hotel stock.
The development of new hotels will be delayed as a result.
Northern Ireland now has a total of 141 hotels with a combined total of 9,177 bedrooms.
NIHF Chief Executive Janice Gault said: "Attracting more visitors is paramount.
"We need to increase the size of the tourism cake to ensure that each hotel gets a good slice of business."
(JG)
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