Advertisement
News

Local hotels send letter to Longford-Westmeath TDs over economic concerns

Dec 7, 2022 13:06 By Shannonside News
Local hotels send letter to Longford-Westmeath TDs over economic concerns
Share this article

The industry supports 6,400 jobs across Longford and Westmeath, generating 87 million euro in tourism revenues annually for the local economy.

An open letter has been sent by 20 local hotels and guesthouses to TD's in the Longford-Westmeath constituency.

The document calls on Government to support tourism recovery and retain the 9% VAT rate for the hospitality sector.

The letter written by local members of the Irish Hotel's Federation highlights growing concerns over the economic challenges facing the sector in the next 12 months.

Advertisement

It's understood overall occupancy rates this year are significantly down compared with 2019 levels and overseas tourism is expected to fall by 25% on pre-pandemic levels.

The hoteliers believe they are at a crucial juncture as they grapple high inflation and skyrocketing business costs with electricity bills increasing upwards of 300% on 2019 figures.

In concluding the letter on behalf of local hoteliers the midlands IHF chair Barry Kennedy says the proposed 50% increase in tourism VAT to 13.5% in February makes no sense during a cost-of-living crisis.

Advertisement

He says it would only add to inflation and undermine Irish tourism's competitiveness internationally.

Barry Kennedy is urging local TDs to support their call to retain the 9% rate in an effort to bed down the recovery and safeguard tourism businesses and livelihoods.

Share this article
Advertisement
Advertisement

Shannonside Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Shannonside FM. Developed by Square1 and Powered by PublisherPlus