Brexit may hit Irish hotel sector next year - report
Britain's decision to leave the European Union could have a serious impact on the Irish hotel sector, it has been claimed.
The Annual Ireland Hotel Survey - which is being published today - shows positive findings overall, but also voices concerns that the impact of Brexit may be felt over the coming years.
Results show that the sector has experienced continued positive recovery over the past four years with sustained growth in occupancy.
However, Aiden Murphy partner at Crowe Horwath who conducted the research said Brexit could pose problems for Ireland going forward.
"2016 is not going to see much of an impact. The concern would be next year, when consumers are looking at Ireland and the costs of holidaying in Ireland versus the costs of staying in the UK," he said.
"There's a concern that Brexit could be good for staycations in the UK, but bad for bringing more visitors from the UK to Ireland."
Meanwhile, the survey also shows the national average price for a hotel room in Ireland stands at just over €92 per night, with room prices up 10% on 2014 figures.
