Search Results for 'Tim Fenn'
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Three out of four hotels expect business to improve in next three years
New research has revealed that a majority of Irish hoteliers are optimistic about the medium term outlook for the sector with 67 per cent saying that the tourism sector will improve within the next three years. A total of 71 per cent believe the financial performance of their own properties will improve within the same time-frame. The research also revealed that 54 per cent of hotels saw turnover increase in 2012, with 26 per cent saying it decreased.
Budget reaction from Westmeath hotels
The Midlands Branch of the Irish Hotels Federation (IHF) gave a mixed welcome to the Minister for Finance’s Budget announcement. It welcomed the special allocation to be made for the national tourism Gathering initiative in 2013 and acknowledged the significant benefit the reduced VAT rate of 9 per cent has had for the hospitality sector; however, it criticised the guillotining of capital allowance schemes.
