It is Ireland’s largest indigenous industry and biggest regional employer, but Government support is falling
hike imposed on the sector at the end of August, next year will see a cut in investment by the in the country’s largest indigenous industry and biggest regional employer.It would be churlish not to acknowledge the enormous support received from Government, and particularly Ms Martin, during Covid. Tourism and hospitality enterprises were the largest recipient of the State’s wage subsidy scheme and that, along with business support grants, largely kept the industry afloat.
Department of Finance hawks have estimated that the 9 per cent VAT concession was costing the State €750 million annually, so the decision to revert to a 13.5 per cent rate shifts that cost on to industry and the consumer. The reality is quite different. Airport traffic is inflated by Irish people travelling abroad while hotel occupancy is inflated by Government contracts for refugees and asylum seekers. The actual number of tourists in the country is well shy of where it was and where it needs to be.Independent statistics from benchmarking firm STR show that for the peak summer month of July the average room rate across the country was €185, up 31 per cent on the 2019 rate.
If the mantra of supporting domestic industries, for fear the multinational bubble might burst one day, is to be credible, then the State needs to get serious about tourism, its importance and potential., the main gateway for the island of Ireland, is up against a ceiling on the number of passengers it can process. While Cork Airport and Shannon Airport must grow, Dublin Airport too has to be allowed expand if tourism, as well as the broader economy, is to make meaningful progress.
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