The need for competitiveness and investment in tourism – Ireland’s largest indigenous industry in terms of employment – has never been more important. Brexit has already had a real and material impact on Irish tourism with visitor numbers from the UK down sharply in 2017.
The Irish Tourism Industry Confederation (ITIC) estimates that Brexit will cost Irish tourism at least €100 million this year and in that context decisions taken by Government in next month’s Budget are of critical importance.
In its pre-budget submission ITIC is calling for improved competitiveness, the retention of the 9% tourism Vat rate, and a €20 million injection in tourism agency budgets to help mitigate the Brexit impact. ITIC also makes the case for increased capital investment in tourism product and infrastructure to develop new experiences of scale and international appeal so that Ireland remains a compelling destination for tourism.
To read the Executive Summary of ITIC’s pre-budget submission please click here.