H2 2025 Insights

• Strong accommodation sales performance for the second half of the year supported by a positive average room rate trend across most locations in Ireland. RevPAR Increased by 3% for year-end December 2025 vs 2024, with Belfast the main exception, recording a 5% decline.
• Resilient but uneven demand across source markets. Encouraging trend in inbound visitor trips for the second half of the year following a soft start to 2025. Increased dependency on the North American market. Visitors from US and Canada now account for 28% of inbound visitor nights into Ireland (3% up on last year).
• Domestic travel softened slightly (‑6% trips at Q3), although expenditure remained stable. Outbound travel increased 12%, with spend up 4%.
• Irish Foodservice turnover reached €10.8bn driven by inflation reported for 2025; restaurant menu prices for the year were 25.8% up on 2020. Despite price increases, profit margins remain a significant challenge for the sector due to a combination of cost increases and shifts in dinning behaviour.

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Bank of Ireland Business Banking: businessbanking.bankofireland.com

Bank of Ireland Corporate Banking: corporate.bankofireland.com

Contact details

Gerardo Larios Rizo
Head of Hospitality Sector

 087 795 1253
 gerardo.lariosrizo@boi.com