Tuesday, March 2, 2010

Ireland: Hotel Prices Down 21%

One of the courses I teach this summer explores the future of the Irish economy.  A sample of today's RTE headlines indicates the breath and depth of current economic difficulties.(See here, here, and here - for example.)

This story on falling prices for hotel rooms caught my attention.  It follows a previous report that estimates a surplus of 15,000 hotel rooms in the Irish market.  This is good news for Irish visitors...but it paints a pretty bleak picture of at least one key economic sector.