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Hospitality Apr 2017

Published: Apr 18, 2017
  • The Irish Hotels Federation has warned that rural Ireland will suffer most from the expected decrease in UK visitors to Ireland following the drop in sterling.  The UK accounted for 40% of overseas visitors to Ireland in 2016.
  • The Irish Hotels Federation have revealed that rising insurance premiums and compensations are having a ‘significant impact’ on them.  Insurance costs are at €42m so far this year which equates to €730 per bedroom.
  • There was a 7.2% increase in overseas visitors during Nov 2016 – Jan 2017 seeing 1.8m visit our shores.  Half of these trips were from Great Britain.
  • Revenues at Dalata Hotel group grew in 2016 by 28.8% to €290.5m.  The group owns 41 hotels and 8,000 bedrooms.  EBITDA rose by 35.9% and earnings per share increased to 26.58cent from 24.76cent.  Pre-tax profits grew by 55% following an upward revaluing of property by the group. 
  • The Grand Hibernian train which sells at between €6,260 and €8,900 per ticket is due to reopen in April.  The operators Belmond who launched the service last August reported revenues of $1.2m for the short few weeks it was in operation.  A loss of $400,000 was reported for the same period.
  • Ryanair have reported a 10% increase in passenger numbers for February 2017, to 8.2 million.  Load factor was 95%.  Overall when full figures for 2016 are available, Ryanair are expecting to have carried 120 million passengers an increase of 13%. 
  • Aer Lingus saw an increase in passenger traffic in February with numbers up 13.9% vs the same month in 2016.
  • Cork is due to host at least 20 conferences in 2017 which is expected to bring in business tourism values of €12m.  In 2016, business tourism accounted for a value of €11.5m for the local economy in Cork.  It is reported that one business tourist brings in three times more revenue than a holiday tourist. 
  • Irish Ferries reported profits of €83.5m for 2016.  Car volumes were up 3.3% but this was broken down into 5.5% for H1 vs just 1.8% for H2 which includes July & August, peak tourist season.  The fall was directly attributed to Brexit and the drop in Sterling. 
  • The Irish Tourist Industry Confederation has sought €12m from the State to tackle the problems that Brexit is expected to bring.   British tourists are believed to be spending less already on their trips to Ireland.  Britain accounts for 2 out of every 5 visitors to Ireland. 
  • Tourism Ireland has revealed that new airline inventory figures show a 4% decrease in visits from the UK to Ireland following Brexit.  They also highlight that their marketing budget has been cut 45% over the last number of years which means less presence in countries they are trying to attract visitors from. 
  • Dublin Airport was named the tenth best in the world following an international survey of 65,000 people carried out by eDreams.  It comes on the back of figures showing passenger numbers increased 11% to bring in 27.9m visitors in 2016.  For January and February 2017, figures increased 6% to 3.6m.  Helsinki, Glasgow, Zurich, Munich and Frankfurt were the Top 5 airports in the world.  

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