Pre-Budget Submission 2013

  • ITIC has just sent its pre-budget submission to the Minister for Finance, Michael Noonan TD.
  • Facing probably the most difficult budget in the history of the State, it may seem fruitless to harbour expectations of reliefs or incentives for tourism.  But the hard won gains of 2011 have slipped again this year, as economic recovery in Ireland’s main source markets fails to gain traction.
  • Nevertheless it is the function of Government to create conditions which facilitate economic recovery.  In this regard there is evidence to suggest that tourism delivers in the key area of job retention and creation.  The latest Quarterly National Household Survey shows that employment levels in accommodation and food services activities increased by 5.9% in the 12 months following the introduction of the special lower VAT rate for tourism related services.
  • Preliminary data from the Fáilte Ireland overseas bednights hotel survey suggests that hotel bednights have grown by 14% between January and July this year compared to last year.
  • Though some of this is undoubtedly at the expense of the B&B sector, it is good news for the hotels, and evidence that the right interventions do produce results.
  • CLICK HERE to read the full ITIC Pre-Budget Submission.
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