Reductions in new hotels and a trend of rising occupancy has seen Dublin and Barcelona named Europe's two best performing markets in the hotel industry by Hotstats' in a special 10 year report.

In recent years Dublin has seen a 23.8 percent upturn in occupancy with the average cost of a room seeing a 44.7 percent increase since 2009.

Barcelona has also seen a massive upturn in demand for hotel rooms, with an estimated increase of 150% in visitors to the city. Hotels have seen a massive upturn in profits (Hotstats estimate an 88 percent upturn). Spanish authorities introducing an embargo on new hotel builds which has been good news for occupancy rates in existing hotels.

In the same report Vienna and Prague's hotel industries are said to be struggling, Paris has also seen a slump, especially in the last 1-2 years, with Hotstats pointing to the terror attacks in Paris which have hit the tourism and hotel industries hard.

The Austrian capital Vienna was hit hard by the global recession hitting the hotel industry amongst others very hard. While Hotstats points to a boom and bust effect for Prague which saw a massive boom in in tourism from 2000 - 2007 seeing heavy invest in new hotels. With build delay times it meant that 3,640 new rooms entered the market in 2008 just before the recession hit the hotel industry hard.

According to Hotstats Paris has seen a 5 per cent reduction in the average cost of a room since the terrorist atrocities in November 2015. The real challenge for hotels has been in trying to fill rooms, with occupancy seeing an eight percentage drop yearly.