General Industry News

No-deal Brexit could wipe out growth next year

The Business Post – 26.09.2019

The Economic and Social Research Institute (ESRI) has said it is “not inconceivable” that the Irish economy could shrink next year in the event of a no-deal Brexit. While the think-tank's headline forecasts in its latest economic commentary show GDP rising by 4.9 per cent this year and 3.1 per cent next year, these numbers are based on the assumption that the UK will effectively remain an EU member beyond October.

AIB releases new 'Hospitality And Tourism Outlook' report

Hospitality Ireland – 26.09.2019

AIB has published its "Hospitality and Tourism Outlook" for 2019, which gives a holistic view of the industry using card spending data on national and regional levels across the subsectors of accommodation, restaurants, pubs and attractions. Head of hospitality and tourism at AIB David McCarthy commented, "Last year was an unprecedented year for the industry which saw the highest levels of international visitors and spend on record, and AIB are proud to have played a part in contributing towards that and will continue to support the industry into the future. We urge businesses to take social, environmental and economic responsibility seriously, which will create a more sustainable national hospitality sector."