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Lisbon hotel prices rocket for Web Summit 2016

As the Web Summit's messy Dublin exit continues, there seems to be a snag in their plans&nbs...
Newstalk
Newstalk

10.54 5 Nov 2015


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Lisbon hotel prices rocket for...

Lisbon hotel prices rocket for Web Summit 2016

Newstalk
Newstalk

10.54 5 Nov 2015


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As the Web Summit's messy Dublin exit continues, there seems to be a snag in their plans for managing hotel prices in Portugal - they are already on the rise in Lisbon.

While there are still some low-cost options available, a trend has established with many of the city's hotels prices increasing significantly.

A stay at the Lisboa Plaza Hotel costs €106 one week before the event, and €216 for the same room, on the same day of the week, during the Web Summit - a 104% mark-up.

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Users have contacted Newstalk through social media pointing out larger increases.

During his much-commented upon appearance on RTE's 6.1 News, the event's co-founder Daire Hickey revisited the fact that high hotel prices have been an ongoing issue in Dublin.

He said that the Web Summit was "assured that hotel prices will remain incredibly low," in Lisbon, adding that you can book four night stays for under €200, less than the cost of one night in many Dublin hotels.

The company has been offered €1.4m to move its flagship event to Portugal - a larger city which the event's organisers say will be better able to deal with the scale of the Web Summit, which has brought 40,000 attendees to the RDS this year.

The Summit's co-founder, and public face, Paddy Cosgrave will appear on the Late Late Show tomorrow.

The Irish Hotels Federation (IHF) has refuted claims that hotel owners in Dublin have been charging disproportionally high rates.

"Industry evidence shows that hotel room rates in Dublin are highly competitive for the event. The average room rate charged by hotels Dublin wide on the busiest night of this year’s Web Summit (Tuesday November 3rd) was approximately €155, at a time when occupancy levels reached 95%," the federation said in a statement.

It continues, "This represents excellent value for a major international event of this scale in a European capital at a time when Dublin is almost fully booked."

The IHF says that it offered to assist the Web Summit with its accommodation needs, but it ultimately rejected this offer.


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