FFT.ie

95% of Hoteliers Concerned About Brexit

The vast majority of Irish hotel and
guesthouse owners are concerned about
the impact that Brexit will have on their
business over the next 12 months,
according to the latest quarterly
barometer from the Irish Hotels
Federation (IHF).
The UK is Ireland’s largest source of
inbound tourists, accounting for over
40% of overseas visitors into the
country. The economic uncertainty
surrounding the UK’s relationship with
the EU has fuelled concerns amongst
95% of hoteliers across the country (49%
very concerned, 46% concerned),
highlighting the ongoing risks to tourism
from external events.
While concerns about the impact of
Brexit loom, results show the tourism
industry has performed strongly so far
in 2016. Some nine out of ten hoteliers
report that business levels are up
compared to the same period last year
with overseas visitor numbers up 14%
year to date while British visitor
numbers are up 16%. Of those hotels
catering for corporate meetings and
business events, 60% have seen an
increase in this area of their business
compared with last year.
Meanwhile, the recovery in the Irish
economy and improvement in consumer
sentiment is contributing to growth in
the sector. Two out of three (66%)
hoteliers are seeing an increase in
home-grown business with an uplift in
consumer confidence leading to more
people taking holidays and short breaks
at home. This growth is vital for tourism
businesses relying on the domestic
market, especially in the regions and
away from the traditional tourism
hotspots.
IHF President Joe Dolan cautions,
however, that the continued recovery in
the sector cannot be taken for granted
and that the tourism industry remained
vulnerable to external economic shocks
beyond its control, such as the UK
decision to leave the EU.
He states: “While it is too early to predict
the full effect that the decision will have
on Irish tourism, there can be no room
for complacency, particularly given the
potential impact on visitor numbers
from the UK and business levels within
the domestic market.”
He also highlighted the importance of
festivals and sports related tourism to
hotels and guesthouses, noting: “Nearly
half (48%) of our members say festivals
and sporting fixtures are a significant
source of business. As festival season
begins in earnest, three out of five (60%)
report that this part of their business is
performing better than last year with
one in six (17%) reporting double digit
growth, which is encouraging.”

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FFT.ie

95% of Hoteliers Concerned About Brexit

The vast majority of Irish hotel and
guesthouse owners are concerned about
the impact that Brexit will have on their
business over the next 12 months,
according to the latest quarterly
barometer from the Irish Hotels
Federation (IHF).
The UK is Ireland’s largest source of
inbound tourists, accounting for over
40% of overseas visitors into the
country. The economic uncertainty
surrounding the UK’s relationship with
the EU has fuelled concerns amongst
95% of hoteliers across the country (49%
very concerned, 46% concerned),
highlighting the ongoing risks to tourism
from external events.
While concerns about the impact of
Brexit loom, results show the tourism
industry has performed strongly so far
in 2016. Some nine out of ten hoteliers
report that business levels are up
compared to the same period last year
with overseas visitor numbers up 14%
year to date while British visitor
numbers are up 16%. Of those hotels
catering for corporate meetings and
business events, 60% have seen an
increase in this area of their business
compared with last year.
Meanwhile, the recovery in the Irish
economy and improvement in consumer
sentiment is contributing to growth in
the sector. Two out of three (66%)
hoteliers are seeing an increase in
home-grown business with an uplift in
consumer confidence leading to more
people taking holidays and short breaks
at home. This growth is vital for tourism
businesses relying on the domestic
market, especially in the regions and
away from the traditional tourism
hotspots.
IHF President Joe Dolan cautions,
however, that the continued recovery in
the sector cannot be taken for granted
and that the tourism industry remained
vulnerable to external economic shocks
beyond its control, such as the UK
decision to leave the EU.
He states: “While it is too early to predict
the full effect that the decision will have
on Irish tourism, there can be no room
for complacency, particularly given the
potential impact on visitor numbers
from the UK and business levels within
the domestic market.”
He also highlighted the importance of
festivals and sports related tourism to
hotels and guesthouses, noting: “Nearly
half (48%) of our members say festivals
and sporting fixtures are a significant
source of business. As festival season
begins in earnest, three out of five (60%)
report that this part of their business is
performing better than last year with
one in six (17%) reporting double digit
growth, which is encouraging.”

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