Monday 22 July 2019

Tourism worth €780m to Cork

Cork drinks and hospitality sector generates over €780 million tourism spend per annum, but 4.4% decline in tourists from UK a big concern.

That's according to new research for the Drinks Industry Group of Ireland (DIGI).

In Cork today, there are over 1,700 businesses in the drinks and hospitality sector, from pubs and restaurants to off-licences, hotels, producers and wholesalers. These businesses directly and indirectly employ over 19,500 people, pay over €430m in wages per annum, and generate over €780m in tourism spend every year.

According to DIGI, Cork needs protection in Budget 2020, especially in terms of Brexit and exporting - 21% of all alcohol produced in Cork is exported to the UK.

The research, conducted by Amárach Research, forms part of DIGI's new report, 'Building a Sustainable Drinks and Hospitality Sector: The Role of Government Policy', authored by DCU economist Anthony Foley.

When international relatives visit family in Ireland, pubs and restaurants prove more popular than tourist attractions, as the research shows that more than half (51%) of Irish people bring international visitors to their local pub, 64% bring their guests to their local restaurant, both compared to just 1% who bring their guests to their local tourist attraction.

CSO figures issued this week highlight that pre-Brexit uncertainty is already having a negative impact on tourism from Great Britain. In May 2019, the total number of trips to Ireland by overseas residents decreased by 0.4% while trips by residents of Great Britain decreased by 4.4%. And we bring visitors to restaurants (64%) and pubs (51%) far more than local tourist attractions (1%).