ITIC has claimed that the Irish tourissm industry can deliver growth of 65% if the incoming government restores the 9% Vat rate. The Irish Tourism Industry Confederation
published its election manifesto and said Brexit, weakened demand and increased costs of business have resulted in revenue falling by 1% in 2019 with regional Ireland hit hardest.
The confederation is made up of tourism businesses and stakeholders including Aer Lingus, B&B Ireland, Irish Ferries, the Restaurant Association of Ireland and the Vintner’s Federation of Ireland.
Along with a VAT reduction, the confederation said the cost of insurance must also be addressed.
“The judicial council must be set up without delay, a new book of quantum determined, more transparency provided on how premiums are collated and cases settled, and a Garda fraud unit established,” the manifesto states.
They also want the airport departure tax to remain suspended to support aviation access to Ireland.
The confederation said the state invests €186m per annum in tourism and receives €2.1bn back in direct tourism-related taxes.
It is calling on the new government to commit to an immediate €20m increase in investment.
“There is no better sector to invest in to generate a return for Government and to provide balanced regional development.”