ITIC briefed by inbound trade at Dublin council meeting

ITIC hosted a Council meeting at Clayton Hotels.
Eoghan O’Mara Walsh shared a relatively positive industry mood.
Jim Power completed an economic report on the 9pc VAT rate.
The measure would cost €17m annually to the exchequer.
Thousands of rurally-based SMEs would benefit from the extension.

The Irish Tourism Industry Confederation has hosted a Council meeting at Clayton Hotels, concluding a week of industry engagement. Eoghan O’Mara Walsh has shared that the summer season retreats in the rear view mirror and the mood of the industry has been relatively positive. The sector has experienced a stable enough year on the demand side, and considering where the industry stood in spring and the outbreak of the Iranian conflict, that outcome has been viewed as acceptable.

Caroline Bocquel, Brendan Griffin and Jim Power delivered presentations to Council. Jim Power updated Council on an economic report that he had completed showing the benefits of extending the 9pc VAT rate to key tourism sectors such as attractions, activity operators and camping sites. The annual cost to the exchequer amounts to only €17m and such a measure would be of huge benefit to thousands of rurally-based SMEs who battle with escalating business costs elsewhere.

Eoghan O’Mara Walsh shared: the week ended with a Council meeting of Irish Tourism Industry Confederation – ITIC in Clayton Hotels. As the summer season retreats in the rear view mirror the mood of the industry was relatively positive. It has been stable enough year on the demand side and, considering where we were in Spring and the outbreak of the Iranian conflict, that is not too bad an outcome. Great presentations from Caroline Bocquel, Brendan Griffin and Jim Power. The latter updated Council on an economic report that he had completed showing the benefits of extending the 9% VAT rate to key tourism sectors such as attractions, activity operators and camping sites. Annual cost to the exchequer of only €17m and such a measure would be of huge benefit to thousands of rurally-based SMEs who are battling with escalating business costs elsewhere. Let’s hope Government parties respond favourably.