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Tag Archives: Brexit

Brexit looms over Irish tourism

THE Brexit factor will be an issue for Irish tourism to deal with in the year ahead, it has been suggested.Tourism sector sentiment, on the rise for the last few years, may now be plateauing as concerns about Brexit take hold, according to Fáilte Ireland’s latest Tourism Barometer Survey. Results from the survey show that business sentiment across the tourism sector remains buoyant, but there is evidence of optimism tempered by caution within the industry, as 2016 ended and attention turned to 2017 – fuelled mainly by the uncertainties around Brexit. Fáilte Ireland’s Tourism Business Sentiment Index (reflecting 2016 performance and 2017 expectations) shows that, for the first time in years, there has been a slight drop in positive sentiment. While three quarters (76%) remain confident about their business, the upward trend seen since 2010 has not continued. With respect to 2017 and the year ahead, the survey indicates that two thirds (64%) of paid serviced accommodation providers (PSA) expect …

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Optimistic outlook for Clare tourism

THE latest Irish Hotels Federation (IHF) quarterly barometer showed that hotel and guesthouse owners in Clare and across the country are very optimistic about 2017, after significant growth this year. Nine in 10 IHF members say they saw increased business in 2016, while 57% grew their workforce and some 89% have plans to reinvest in their properties in 2017. Also, according to the Central Statistics Office (CSO), the number of overseas visitors grew by 10% to 8.8 million – the highest number on record. There was an increase of 10% in holiday visitors, while business visitors and those coming to visit friends and relatives were up 12%. Elaine Fitzgerald Kane, chair of the Shannon branch of the IHF, said there has been a lot to be positive about. “Irish tourism has seen a record-breaking year in 2016 and there is a lot to celebrate. This is an outstanding achievement and a result of the hard work being carried out by …

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3,400 tourism jobs increase

The creation of 3,400 extra tourism jobs has been lauded by The Irish Tourist Industry Confederation (ITIC), but allied to a warned that the sector faces external threats. The tourism industry was worth €7.3 billion to the Irish economy last year and over eight million international tourists visited Ireland in 2015. The sector paid €1.8 billion to the exchequer in taxes last year. 2016 has continued to perform strongly with 13% growth in overseas visitors for the first six months, ITIC reported. ITIC said that the latest CSO quarterly figures show that tourism has increased employment further and is Ireland’s largest business employer. The sector now accounts for one in nine jobs nationally. Recent tourism jobs include the opening of two flagship visitor attractions in Dublin – GPO’s Witness History and Epic Ireland, ITIC said. However, ITIC has warned that growth and regional balance should not be taken for granted. The group said that the decisions taken in Budget 2017 …

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NUI Galway to host Brexit debate

NUI GALWAY is to host, in association with the British Embassy in Ireland, a public event on the Brexit referendum on Wednesday next. The event, which will take place in the Aula Maxima (Lower), Quadrangle Building, is also in collaboration with European Movement Ireland’s national conversation. The UK is facing a momentous decision on June 23 on whether to remain in or leave the EU.  Not surprisingly, the ‘Brexit’ debate is being followed with particular interest in Ireland – the only EU country with which the UK shares a land border. John McHale, Established Professor and Head of Economics at NUI Galway, said, “The possibility of Brexit looms large as we scan the horizon for threats to the Irish economy and our trading partners. Even though the consequences are uncertain, it is critical that we rigorously debate the potential implications before this momentous decision is made.” The public event will bring together a distinguished panel to debate the economic and political implications of Brexit on …

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Minister Pat Breen

Breen warns against Brexit

CLARE TD Pat Breen has claimed a European recession could follow if Britain votes to leave the EU. “If the UK votes to leave the EU, we will find ourselves in unchartered waters. There is no precedent for such a move. No other country has ever sought to exit the EU. Article 50 of the Treaty on European Union would come into play. Under this article, a country would automatically cease to be a member of the EU two years after it lodges official notification to withdraw if, in those two years, there is no agreement by the UK or member states to extend the date or a withdrawal agreement is set at a different date. Either way, there would be huge uncertainty and given the volatility of the markets, it is more than likely that the uncertainty would precipitate another European-wide recession.” He said travelling across the border could become more difficult. “Could Brexit mean the return to border …

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