Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Hospitality Sector

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

I also want to talk about commercial rates. Again, there is not much knowledge among the general public about the cost of commercial rates to hotels. One of the quotes given to me was that one hotel in Cork is paying €420,000 per annum in commercial rates. Across the country, for a 100 bedroom hotel, what would be the commercial rates? I am referring to rates paid to the relevant local authority. It is important that we get this information out to the general public. People do not realise the cost per week. That is the way I look at it. I am from a self-employed background myself so I am very much looking at the cost per week of running any business.

The costs involved relate to insurance, commercial rates, rent and wages. What is the normal commercial rate for a 100-bed hotel?

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