New Report launched on Costs for Tourism Businesses
AVEA recently attended the launch of a Report by economist Jim Power, commissioned by ITIC (Irish Tourism Industry Confederation), which examines the rising costs of doing business which face tourism and hospitality businesses.
It is estimated that payroll costs for the sector will increase by €1.4 billion by 2026. Fáilte Ireland research has already estimated that visitor attraction businesses can expect their wage bill to go up 32% between 2024 and 2026.
Board member and past Chair Sean Connick attended the launch with Catherine, where we met Niamh Smyth TD (Chair of the Joint Oireachtas Committee on Tourism), ITIC Chair Elaina Fitzgerald Kane, and ITIC CEO Eoghan O’Mara Walsh.
