Survey records fall in hotel rooms and student places built last year
An analysis of the development landscape in Ireland, it found just 895 purpose-built student bedspaces were built, down from 1,630 the previous year, and the lowest level since Deloitte started the data series in 2016.
In the hotels sector, 1,360 new rooms were added, a decrease of 17pc annually. Among the arrivals were the Ruby Molly, Leinster Hotel and NYX Hotel in Dublin, plus The Moxy and a Premier Inn in Cork, the Radisson Red in Galway and Ravenport Resort in Wexford.
At the end of the first quarter of this year, 4,060 rooms were under construction, mostly in the capital city.
Several large hotel projects commenced construction, including at Dublin Airport, where 410 rooms are being delivered by Accor and The Arora Group. That hotel, which is due to open at the end of next year, will operate as the first Sofitel Hotel in Ireland.
Overall, 1,410 new hotel rooms are due to be added this year. These will include the recently reopened Mercantile Hotel in Dublin, with 105 rooms, and the CitizenM, St Patrick's Hotel, also in Dublin, with 245. The Point A Hotel in the Liberties will provide 95.
A further 2,510 hotel beds are due to be delivered in 2026.
In terms of student accommodation, the Crane Survey says all the delivery was in the country's two biggest cities, with 620 at Novel Bottleworks, on the former Coca-Cola bottle factory on the Carrigrohane Road, Cork and 190 at The Residence in Prussia Street, Dublin. The remainder were in Blackhall Place, Stoneybatter, where a refurbishment added an additional 80 beds.
At the end of Q1 this year, there were 1,400 student places under construction across six schemes in Galway, Dublin, Limerick and Kildare.
This stems from government funding announced last year, in which €100m was allocated to deliver accommodation at UCD, DCU and Maynooth, where 115 bedspaces are under construction and due to be delivered for the 2025/2026 academic year.
Galway should get the largest increase in student accommodation, with construction under way across three schemes totalling 840 spaces. This would give a 16pc boost to the city's stock.
The Deloitte survey points out there were 206,365 full-time students enrolled in third-level institutions in Ireland in the last academic year, a growth of 9pc since before the Covid pandemic.
While the number of domestic students increased only slightly, the number of international students is up by 33pc during the same period. They account for almost one in five of the student population.
'In the medium term, enrolments in third-level students in Ireland are expected to peak at 240,000 full-time students in 2030, due to factors including domestic demographics and increased international enrolments,' the report says.
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Irish Independent
13 hours ago
- Irish Independent
Survey records fall in hotel rooms and student places built last year
An analysis of the development landscape in Ireland, it found just 895 purpose-built student bedspaces were built, down from 1,630 the previous year, and the lowest level since Deloitte started the data series in 2016. In the hotels sector, 1,360 new rooms were added, a decrease of 17pc annually. Among the arrivals were the Ruby Molly, Leinster Hotel and NYX Hotel in Dublin, plus The Moxy and a Premier Inn in Cork, the Radisson Red in Galway and Ravenport Resort in Wexford. At the end of the first quarter of this year, 4,060 rooms were under construction, mostly in the capital city. Several large hotel projects commenced construction, including at Dublin Airport, where 410 rooms are being delivered by Accor and The Arora Group. That hotel, which is due to open at the end of next year, will operate as the first Sofitel Hotel in Ireland. Overall, 1,410 new hotel rooms are due to be added this year. These will include the recently reopened Mercantile Hotel in Dublin, with 105 rooms, and the CitizenM, St Patrick's Hotel, also in Dublin, with 245. The Point A Hotel in the Liberties will provide 95. A further 2,510 hotel beds are due to be delivered in 2026. In terms of student accommodation, the Crane Survey says all the delivery was in the country's two biggest cities, with 620 at Novel Bottleworks, on the former Coca-Cola bottle factory on the Carrigrohane Road, Cork and 190 at The Residence in Prussia Street, Dublin. The remainder were in Blackhall Place, Stoneybatter, where a refurbishment added an additional 80 beds. At the end of Q1 this year, there were 1,400 student places under construction across six schemes in Galway, Dublin, Limerick and Kildare. This stems from government funding announced last year, in which €100m was allocated to deliver accommodation at UCD, DCU and Maynooth, where 115 bedspaces are under construction and due to be delivered for the 2025/2026 academic year. Galway should get the largest increase in student accommodation, with construction under way across three schemes totalling 840 spaces. This would give a 16pc boost to the city's stock. The Deloitte survey points out there were 206,365 full-time students enrolled in third-level institutions in Ireland in the last academic year, a growth of 9pc since before the Covid pandemic. While the number of domestic students increased only slightly, the number of international students is up by 33pc during the same period. They account for almost one in five of the student population. 'In the medium term, enrolments in third-level students in Ireland are expected to peak at 240,000 full-time students in 2030, due to factors including domestic demographics and increased international enrolments,' the report says.
Irish Independent
a day ago
- Irish Independent
Jameson owner Pernod Ricard says it's ‘committed' to Ireland amid global review
France's Pernod Ricard owns Irish Distillers, with Jameson being a leading global seller for the group. It also owns brands such as Absolut and Martell. 'Pernod Ricard announced a reorganisation project aimed at creating a more agile and simplified organisation aligned with our strategic objectives and the current evolution of our business,' said a spokesperson. 'Given that we have just begun this process, we are not in a position to comment any further at this stage,' they said. The spokesperson added: 'Jameson is a strategic brand for Pernod Ricard, and we remain committed to Ireland, the Irish whiskey category and the growth of our whiskey brands on the global stage.' Jameson looks set to retain a leading role in the company's high-profile portfolio. Pernod Ricard told staff this week that it has launched an "internal project to create a more agile and simplified organisation". It had already announced job cuts in China, where steep anti-dumping duties on its Martell cognac label have hit sales hard, as well as a plan to cut €1bn in costs by its 2029 financial year. In a staff memo, chief executive Alexandre Ricard said the project, dubbed 'Tomorrow 2', was intended to "further advance the simplification of our organisation". Mr Ricard told staff in a video that the restructuring, which includes bundling administrative tasks rather than having brands operate individually, would lead to "departures", two sources said. There were no further details about the impact on jobs. In the presentation slides, the company said it would organise its brands into two main units, named Gold and Crystal. ADVERTISEMENT The Gold division would include champagne and brands such as Martell cognac and Jameson, while Crystal will include Havana Club, Absolut vodka and some French aperitif brands. The company plans to implement the changes, including voluntary departures, in the last three months of 2025, the slides showed. "These changes imply the launch of local consultation processes with our social partners and employees where necessary," Pernod Ricard said, without commenting on the number of jobs affected or the plan to group brands into two units. Last month, the master distiller at Pernod Ricard's Irish Distillers unit, Kevin O'Gorman, said a new €250m distillery at Midleton in Co Cork won't now open until 2027. It had been expected to open this year. Last month rival LVMH's wines and spirits division announced plans to shrink its workforce by nearly 13pc. Pernod, Guinness maker Diageo and Remy Cointreau have also had to adjust their growth expectations as the boom in sales enjoyed after the Covid pandemic has gone into reverse. All three companies have scrapped or reduced ambitious sales targets for the coming years. Remy and other rivals, such as Jack Daniel's maker Brown-Forman have also cut jobs. Diageo, the world's largest spirits maker, also plans to cut $500m in costs and make substantial asset disposals by 2028.
The Irish Sun
2 days ago
- The Irish Sun
My hardware shop survived two world wars, recessions & Covid – now Rachel Reeves has KO'd it after 160 years
FOR 160 years Mogford & Son has been a trusty hardware shop just like the one seen in the Two Ronnies' famous 'fork handles' sketch. But running a small independent shop has become no laughing matter for its current owner Paul Gillam. 5 After 160 years, surviving two world wars and Covid, rising costs have sounded the death knell for Mogford & Son Credit: Jon Rowley 5 A snap of W.H Mogfrod & Son taken in 1920 Credit: Jon Rowley 5 Current owner Paul Gillam has blamed rising costs, including Rachel Reeves' National Insurance hike, for having to shutter the store for good Credit: AP Because of a tsunami of rising costs, including Rachel Reeves' employer National Insurance increase, Paul, 57, has been forced to call it a day. At the end of September Mogford — one of Britain's oldest shops — will close its doors for the final time. This Aladdin's cave has survived two world wars, READ MORE UK NEWS Close to tears, Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges. 'The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. 'It's been a hard decision but I can't carry on.' Standing at the till, Paul is surrounded by thousands of objects for the home, from bamboo and compost to jubilee clips and, of course, candles. Most read in The Sun He has a wry smile as he poses with four candles, like shopkeeper There are house numbers, bolts, rabbit food and aquarium cleaners all stacked neatly on shelving that has carried everything the local community could want for the past century and a half. Popular bank with over 400 spots confirms it is shutting 18 branches in August – it follows 148 closures by rivals Paul's wife Babs, 55, who has been working in the shop since two staff retired recently, not to be replaced, says: 'The Government say they want to keep High Streets open but then all the banks close. "Then the car parks start charging, then the shops close. People end up going online or to one of the big retailers.' The car park up the road has started to charge £2, so people can no longer park for free, because the council is short of cash. My business rates keep going up. Paul To try to counter the online threat, Paul's shop has a Facebook page and offers a delivery service. He charges £1 for anything under £20 and free delivery on orders over 20 quid. Paul makes just £1.60 on a bag of compost and in 30 years of working at Mogford he has never increased all his prices at once to keep pace with inflation. He raises prices as little as possible and he reluctantly puts a £3 limit on the card machine because of the cost of using it. Paul would have liked his daughter Sophie and grandson James to take over but he decided they would be better off in jobs with a future . Paul remembers walking past Mogford's shop as a boy. He says: 'There was everything round here. 'Clothes shops, shoe shops, butchers, fishmongers, greengrocers. You could get every single thing you wanted.' He points across the road to the shops that have closed down — a newsagent's, a women's accessories shop and a shoe repair bar. He says: 'When Covid happened, we were considered an essential business. I will close the doors with a heavy heart Paul 'We extended our hours, opening at 6am and not closing until 9pm because our footfall went up so much with people working from home, and we wanted to help.' When The Sun visited, all morning there was a steady stream of customers coming in to buy goods from washers to dog bowls , super glue to carpet cleaner. Paul knows most of them by name and all seem upset that the shop will be gone in just ten weeks' time. They say it's the latest nail in the coffin for their High Street and they don't know what they'll do when Paul locks up for the final time. He says: 'I will close the doors with a heavy heart. 'It's not for lack of trying either but there's simply nothing I can do. I'm breaking even and have been for a while, so I've been left with no choice.' 5 Paul told The Sun: 'I'm working seven days a week but things have got more expensive. From staffing costs to National Insurance and bank charges' Credit: Jon Rowley 5 Paul knows most of the customers by name, and all seem upset that the shop will be gone in just ten weeks' time Credit: Jon Rowley
