A new survey by the Irish Hotels Federation (IHF) revealed that nine out of 10 hotels saw a boost to their business over the last 12 months, while most plan on upgrading in the new year.
The Hotel Barometer survey showed that 92 per cent of hoteliers are planning to invest in refurbishment and product development over the next year.
Over 60 per cent of respondents said they have hired new staff over the last year, while 57 per cent said they will hire more staff in 2016.
Stephen McNally, president of the IHF, commented on how Ireland's record-breaking year in tourism has contributed to the increased business seen across the country.
"Next year looks set to deliver further growth across our key markets such as Britain, North America and Europe - providing a further boost to hotels and guesthouses," he said.
The IHF has said that the increase in tourism will create 40,000 new jobs in the industry by 2020.
