Northern Ireland's hotel sector experienced an 8% increase in RevPAR in Q3 2024, amid overall cautious optimism for future investment.
Northern Ireland's hotel sector saw an 8% increase in Revenue Per Available Room (RevPAR) in Q3 2024, according to CBRE NI. The office market also grew, with significant activity from serviced office centers. However, economic uncertainties and the upcoming UK budget are affecting market sentiment. The industrial sector remains weak for larger units, though smaller unit demand is strong. Overall, there is cautious optimism for future investment and public spending initiatives.
October 28, 2024
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