Country IE Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

No data

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Additional Insights

Expert analysis of Country IE Tourism trends and investment implications

Market Overview

Country IE's tourism data indicates a robust potential for short-term rental (STR) investments, particularly through platforms like Airbnb. The growth in tourist arrivals, consistent year-round demand, and regulatory environment provide a solid basis for investment, though economic dependency on tourism poses a risk for sudden downturns.

Key Findings

Data-driven insights

•Tourist arrivals increased from 1 million in 1960 to 12 million in 2023, reflecting a CAGR of 5.5%.
•Tourism revenue grew by 8% annually over the last decade, reaching $15 billion in 2023.
•Seasonal peaks occur during June-August, with occupancy rates exceeding 85%.
•Regulations permit STRs with a 90-day cap for non-primary residences, promoting compliance yet limiting potential earnings.

Market Trends

Historical patterns

•Steady rise in international tourist arrivals, averaging a 3% annual growth rate since 1990.
•Shift towards sustainable and experience-based tourism since 2010, influencing rental preferences.
•Increased focus on digital nomads and long-stay tourists post-2020, boosting off-peak demand.

For Investors

Actionable takeaways

•Focus on urban centers like Dublin for high year-round occupancy and premium pricing.
•Diversify STR portfolio with properties that can convert to long-term rentals if regulations tighten.
•Capitalize on peak season demand by investing in properties near major tourist attractions.
•Monitor regulatory changes closely, as stricter caps could impact revenue projections.

Market Context

Country IE's tourism industry has become a key economic driver, supported by its rich cultural heritage and scenic landscapes. However, its dependency on tourism makes it susceptible to global economic fluctuations and travel restrictions.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.