Tourism’s case for more capital investment

Last week the Irish Tourist Industry Confederation (ITIC) made a submission to the Government on the need for more capital investment in tourism – this is part of the Government’s mid-term review of its capital expenditure plan 2016-2021. The Government has stated that, since their capital plan was first launched, additional capital money is to be allocated on the basis of the outcome of the mid-term review.

There is a strong argument for increased capital expenditure for tourism – the current allocation of €106 million over the lifetime of the plan is inadequate and ITIC is proposing this be increased to €350 million. Investing to underpin Ireland’s current tourism product and create new stand-out things to see and do – of scale and international appeal – is critical to ensure Ireland’s tourism offering remains dynamic and vibrant. Alongside its call for additional investment in tourism infrastructure, ITIC is making 8 clear recommendations that should be implemented. Please see links below to the Executive Summary as well as to the full report submission which includes an audit of the current situation, prescriptive product areas where investment could be made, and a comparison to other export sectors as well as other international destinations.

>> CLICK HERE FOR THE EXECUTIVE SUMMARY

>> CLICK HERE FOR THE FULL REPORT SUBMISSION

 

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