According to the Irish Tourism Industry Confederation (ITIC), 2019 was a mixed year for Irish tourism with strong growth in the early months slowing sharply as the year progressed. The tourism industry was worth €9.3 billion in 2019 with 265,000 people employed in the sector making it Ireland’s largest indigenous industry and biggest regional employer. Arrival numbers were marginally up but revenue dipped slightly, the first decline in 8 years. Brexit, the Vat hike, and increased taxation have all made trading conditions more difficult for the 20,000 tourism and hospitality businesses in the country.
Sustaining success in 2020 will be challenging and ITIC calls on the Government to support the sector by release the ‘no deal’ tourism contingency fund to help stimulate demand in overseas markets.
CLICK HERE to read ITIC’s Review of 2019 and Outlook for 2020.
CLICK HERE to read the associated press release.