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Dublin: 1°C Sunday 28 November 2021

Business up for vast majority of hoteliers across the country

A new survey shows four out of five hotels said that they had experienced increased profitability.

Tourists on St Patrick's Day.
Tourists on St Patrick's Day.
Image: Leah Farrell/Photocall Ireland

BUSINESS AND PROFITABLY were up for the vast majority of hotels and guesthouses across Ireland this summer, the results of a new survey show.

Over eight out of 10 hoteliers in Ireland reported that their business was up this summer compared to last year.

As well as this, four out of five said that they had experienced increased profitability this year compared to last.

The survey of over 600 tourism businesses was carried out by Fáilte Ireland, Ireland’s national tourism development authority.

The survey results formed the basis of a “Business Sentiment Index” which tracks how businesses are feeling year on year.

This year saw peak level of confidence in the sector going back to 2008:

Sentiment Source: Fáilte Ireland

While confidence is at an all-time high in the sector, there are still some notable concerns from hoteliers and guesthouse owners.

Almost half of people surveyed listed “Brexit” and concerns over the British market as a concern, making it the most common issue raised.

As well as this, four out of 10 people listed operating costs as a concern.

“As expected, tourism businesses across the country had another successful summer and with many recording their best season ever,” said Fáilte Ireland CEO Shaun Quinn.

Yet we must keep our eye on the factors underpinning our growth… and avoid strategies which in time could undermine our current reputation for good value.

Read: Irish employers are taking on staff like it’s 2007 as rate of hiring increases to pre-crash levels

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About the author:

Cormac Fitzgerald

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