The Dublin Regional Homeless Executive spent €170 million putting homeless families up in emergency accommodation last year.
That's up 19% on the figure in 2018.
In total, 70 hotels provided emergency accommodation for the homeless last year.
According to a Freedom Of Information request, 19 hotels across the capital received in excess of €1 million.
One hotel was paid between €4 million and €5 million.
"Cash Cows"
Independent Councillor Mannix Flynn has described the homeless emergency accommodation in the city as "cash cows".
He says the government only care about how they can benefit from the homless situation.
He says: "You could see this during the election campaign, when they were all jumping up and down about the disgusting nature of it.
"But the revenue that's meant to be spent on solving this crisis is being spent on profiteers and those who basically are in the business of homelessness and building homeless empires."
People Before Profit Councillor Tina McVeigh, who is also co- chair of the National Homeless and Housing Coalition, says more public houses are urgently needed.
She said "Certainly the resources are there; the resources that are building hotels and student accommodation and office blocks can easily be diverted to housing."
However, Councillor McVeigh said it will take time and she fears that the situation will only get worse.
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