Posted on Wednesday 3 October 2018 by John Mulgrew

Premier

Premier Inn is eyeing up opening new hotels in Newry and Enniskillen as it seeks to expand across Northern Ireland, Ulster Business can reveal.

The hotel chain, which has seven hotels here, is seeking developer opportunities in the two new locations, alongside growth in Dublin.

The company, owned by Whitbread, has said it secured 31 new hotels in the UK during the last financial year, and has the same aspirations this year.

It also says it is looking for “property partners and freehold development sites in Dublin and other major cities” as it seeks to grow Premier Inn across Ireland.

Meanwhile, a new report from PwC says hotel prices in Belfast are rising five times faster than the UK average.

In June 2017, the average cost of an overnight stay in Belfast was £75.67 but has now grown to £79.80.

Belfast is now the fourth most expensive city to stay in the UK, outside London.

PwC Northern Ireland partner, Martin Cowie, said: “The influx of high-quality rooms to the market have driven and continue to support improved RevPAR and ADR for the city.

“Though the full impact hasn’t been realised with easyHotel and the George Best Hotel yet to open as well as Signature Living’s new hotel at the Crumlin Road courthouse which just received planning permission, demand continues to be driven by inbound tourism, domestic holidays and events.”

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