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Prior to this, hotel rates had fallen some 35% in the past three years.
The average hotel room rate in Ireland is now €81 per night, compared to €79 for the same period last year.
Wexford joined Killarney as the most expensive destination in Ireland, despite price drops of 5% and 15% respectively, at a cost of €104 per night.
Ireland faired well on an international scale, with Dublin now the cheapest capital city for hotel stays in Western Europe, at €73 per night, compared to €249 in Geneva, the most expensive location.