Business World

Sunday 19 November 2017

Irish hotel fees up 2pc

IRISH hotel prices rose 2pc in the first half of the year to an average of €92 per night.

Prices in Dublin were up 2pc to €93 on average; Killarney prices were up 5pc to an average of €107; Cork prices were up 4pc to €86; and Limerick remains the least expensive at €67 per night, according to the latest Hotel Price Index.

The rise is attributed to The Gathering, among other factors.


THE Government has been urged to reverse tax increases on alcohol imposed in the last Budget as the Drinks Industry Group of Ireland (DIGI) claims that a pub a day is closing.

The rate of pub closures has almost doubled since the excise increase in last year's Budget. Previously, three pubs were closing a week, but since last year's Budget almost a pub a day has closed, according to DIGI.


GROWTH in Scotland's private sector gained momentum with increases in business activity and new work setting a record, according to a PMI survey for August.

The Bank of Scotland PMI rose to 58.3 last month, its highest since the bank conducted the survey, up from 56.7 in July. The survey also showed an increase in new business helped by increased marketing efforts and improved market confidence.


THE UK should set up a fund using tax revenues from shale gas production to help it meet environmental goals, Energy Secretary Ed Davey said yesterday.

"I want us to be a country that invests for the future, a low-carbon future using shale gas revenues," he said at a London conference. His Liberal Democrat party will discuss a low-carbon transition fund established from tax revenues from any future shale gas production at its conference this month, he said.


LAS VEGAS Sands and MGM Resorts International are scouting sites for casinos in Japan as Tokyo's selection to host the 2020 Olympics boosts confidence that a law legalising gambling resorts in the capital will pass.

The International Olympic Committee's decision fuelled speculation that Japan will approve casino gambling, since the development would add hotel capacity and entertainment venues that could be used during the games. Casinos would also add jobs and draw about $10bn (€7.5bn) in sales to bolster the economy.

Irish Independent

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