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Cancellations resulting in mil...

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Cancellations resulting in millions in lost revenue for hotels

RedFM Sport
RedFM Sport

08:14 13 Dec 2021


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The short-term rental market in Cork is expected to take a hit this Christmas.

The Echo reports there have been a rise in cancellations following the discovery of the Omicron variant of Covid-19.

The Irish Hotels Federation is forecasting over €90m in lost revenue for the hotel sector alone.

Airbnb hosts are facing a similar problem.

According to rental analytics occupancy, booking lead times, and the number of booked properties in Cork are all down this month.


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