Challenges and Opportunities in the 2024 Irish Hospitality and Tourism Sector
The Irish hospitality and tourism sector faced significant challenges in 2024, including rising food and labor costs and a stable VAT rate of 13.5%. Despite a decrease in visitor volumes, international tourists spent more during their stay. The introduction of several government measures to support small and medium enterprises came amid unprecedented cost increases. The sector remains crucial to Ireland’s economy, supporting over 270,000 jobs, and is calling for urgent government action for its recovery and growth.