There is renewed confidence in the hotel sector in Ireland.
Over 200 hotel owners, managers, agents and suppliers recently attended a recent business briefing hosted by Bank of Ireland.
The theme of the event was ‘Changing trends in the hotel sector’.
Speakers included Shaun Quinn, CEO Fáilte Ireland; John Hughes, director, CBRE Hotels Ireland; Aiden Murphy, Crowe Horwath; Sarah Duignan, STR; Weldon Mather, WM Consultancy; Gerardo Larios, head of hospitality, Bank of Ireland.
Shaun Quinn, CEO Fáilte Ireland spoke about tourism trends and the outlook for Ireland.
“The hotel sector, particularly in the cities and traditional tourism hotspots, seem to be benefitting from increased activity in the domestic and overseas markets,” he said.
“The key to continuing recovery in tourism will lie in our overseas markets.”
Gerardo Larios, head of hospitality, Bank of Ireland, said that there is an increased confidence within the hospitality sector. “Businesses are beginning to expand and invest, and this is reflected in growing demand for term loans.”
In the past ten months, Bank of Ireland has approved over €110 million in funding to the hotel sector and is seeing real momentum across the industry.
“We expect this trend to continue. The hotel sector has very good reasons to be optimistic and ambitious,” said Larios.
Below are the links to the trend reports presented at the event:
Shaun Quinn, CEO, Fáilte Ireland .
John Hughes, Director, CBRE.
Aiden Murphy, Crowe Horwath.
Sarah Duignan, STR.
Weldon Mather, WM Consultancy.
Images of Ashford Castle and Adare Manor from Shutterstock.
