Sunday 4 December 2016

Currency fears have spooked tourism sector

Published 05/10/2016 | 02:30

Diarmuid Vaughan, marketing manager at the Rochestown Park Hotel in Cork. Photo: Michael
MacSweeney/Provision
Diarmuid Vaughan, marketing manager at the Rochestown Park Hotel in Cork. Photo: Michael MacSweeney/Provision

One of Ireland's leading hotels says the tourism sector is now carefully monitoring the implications of the volatility of sterling against the euro.

  • Go To

Irish tourism operators admitted they are increasingly worried at how the UK currency has continued to plummet and its implications for British visitor numbers to Ireland. UK tourists are facing a 20pc to 25pc spending power differential in the space of just four months because of the way sterling has slumped against the euro.

Rochestown Park Hotel marketing manager Diarmuid Vaughan said uncertainty over Brexit was now causing the most problems here and in the UK.

"That is the single greatest issue we have noticed from speaking with our UK customers. It is the level of uncertainty that Brexit has created," he said. "It is not just that we don't know here what Brexit will mean, there is tremendous uncertainty in the UK as well over what it will mean and how it will work."

Mr Vaughan said Irish Hotels Federation figures underlined how important UK tourists are for Ireland. He said that while currency issues were a concern, the ultimate format of Brexit was an equal cause for worry.

"We do quite a lot of conference business from the UK. We might do 12 conferences or so a year with UK delegates," he said. "That is an area we are watching very closely because, when it comes to the conference business, you are not just talking about the cost of a hotel room for a night or two. There is usually a whole package involved."

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business