Tourism Industry Budget Submission and Recovery Scenarios
Budget 2022, due to be delivered on October 12th, represents a defining moment for Ireland’s tourism industry. There is an opportunity to move from survival to stabilisation through to recovery but only if backed by pro-tourism and pro-aviation policies from Government.
In that context the Irish Tourism Industry Confederation (ITIC) publishes an updated strategic plan as to how to rescue the country’s largest indigenous industry and biggest regional employer. The plan includes an analysis of the cost of Covid to the industry; the size of the recovery prize in terms of revenue, jobs and tax receipts; and scenarios for revival over the coming years. Budget 2022 decisions are critical and to that end ITIC advocate that Government must introduce a substantial stimulus package to kickstart connectivity, continue EWSS for tourism enterprises right through to June 2021, deliver a step-change in tourism investment, provide certainty on the tourism Vat rate, and support employers to create and sustain jobs.
CLICK HERE to see the report and budget submission.