Hotel developments in Dublin are expected to yield around 3,000 more hotel rooms over the next three years, according to research from the Construction Information Services (CIS).
CIS, which provides researched real-time construction project leads, says this planned 15% increase in the total room stock will result in a significant tourism boost to the capital.
Over the past 12 months, CIS says it has witnessed an increase in activity commencing on-site across the country, with many construction projects under way or in planning.
The Construction Industry Federation (CIF) has welcomed the figures, with its Director for Specialist Contracting Sean Downey saying: "This anticipated upturn in hotel development will lead to significant demand for specialist fit-out package subcontractors. Ireland's construction industry has a great track record in delivering a superb standard of hotel and dining accommodation that is best in class.
"We would expect that in the initial stages there will be demand for the ground works and structural subcontractors with phased demand for finishing trades as developments move through to completion."
Separately, the CIF has warned that spiralling "unsustainable and unjust" insurance premiums are adding to construction costs.
It says that over the last year construction companies around Ireland have reported disproportionate increases in Employer Liability/Public Liability (EL/PL) premiums, rising by up to 50% in some incidences.
