Tourism businesses outside the hotel sector face losing €1.1 billion in revenue this year due to the shortage of accommodation arising from the refugee crisis, an Oireachtas committee will be told on Wednesday.
David McWilliams: Although wealthy, Ireland feels completely different from most other wealthy countries
The shortage of beds is interacting with existing shortages, he will tell the committee, particularly in Dublin where there was already an underlying shortage of supply, to cause severe affordability issues that endanger Ireland’s reputation. “This situation also creates conditions that facilitate pricing practices that put Ireland’s long-term reputation at risk,” he will say.
The car rental fleet, he will warn, is “likely to be well below the level required to meet demand again this summer”. The decision to discontinue the repayment of VAT on the VRT scheme resulted in increased costs for car rental, he said, acting as a “significant commercial discincentive to restocking the seasonal fleet and leading to high peak season prices” and the loss of some visitors who cannot find a hire car.
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