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Hard Brexit is 'doomsday outcome' for Ireland, says tourism body
POSTED 26 Jul 2018 . BY Tom Anstey
The event of a "no-deal" Brexit decision could prove disastrous for tourism in Ireland, with the Republic's industry representative warning that it could cost the sector €500m (US$586m, £444m) in lost revenue over the next several years.

With eight months to go until the UK exits the European Union (EU), concerns over a hard ‘no deal’ Brexit are growing.

According to the Irish Tourism Industry Confederation (ITIC), the impact of a no deal Brexit would put Ireland in danger of a "doomsday outcome".

"A doomsday scenario of a ‘no deal’ hard Brexit would directly cost the Irish tourism sector approximately €260m (US$305m, £231m) in its immediate aftermath with the fallout potentially reaching €500m in lost revenue and additional costs including a negative impact on jobs over the coming years," said the tourism body in a Brexit update.

"The set of unilateral proposals contained in the UK Government’s white paper appear to be floundering with just over three months to the October deadline for a Withdrawal Agreement.

"Across Europe, and especially in Ireland, the implications of a ‘no deal’ Brexit are edging up the contingency agendas of politicians, the business community and regulators."

Due to its geographical location, Brexit is likely to affect Ireland more than any other EU nation. A key focus for the country is to create a legally operable backstop, keeping Ireland's borders open with the UK, particularly with the landlocked Northern Ireland.

"In the absence of an agreement on the backstop there can be no Withdrawal Agreement, and therefore no transition period – a position reiterated recently by the European Council‘s full support of Ireland’s position on the issue," said ITIC.

"From a tourism industry perspective a ‘no deal’ outcome would be very damaging to visitor flows and most likely see a collapse in the value of the pound sterling, further hurting businesses with a dependency on the British and Northern Ireland markets."

The shift in the Sterling/Euro exchange rate has already had a significant impact on tourism for Ireland, with visits from Britain and Northern Ireland falling as its competitiveness and value for money ratings have declined. According to ITIC, Dublin saw tourism revenue from Britain fall by €42m (US$49m, £37m) last year, while the South East, West and Border regions each suffered a €10m (US$11.7m, £8.8m) year on year loss.

"While the outcome is still uncertain, it would appear that, irrespective of a ‘deal’ of ‘no deal’ between the UK and the EU over the coming months, the impact on the sector will not be without cost," said the ITIC report.

"Ideally the delivery of the backstop agreement on Ireland’s land border, and a smooth transition period, would be the best outcome for tourism, although it would be unlikely to result in an immediate boost to demand from the UK."
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Jobs . News . Products . Magazine
NEWS
Hard Brexit is 'doomsday outcome' for Ireland, says tourism body
POSTED 26 Jul 2018 . BY Tom Anstey
The event of a "no-deal" Brexit decision could prove disastrous for tourism in Ireland, with the Republic's industry representative warning that it could cost the sector €500m (US$586m, £444m) in lost revenue over the next several years.

With eight months to go until the UK exits the European Union (EU), concerns over a hard ‘no deal’ Brexit are growing.

According to the Irish Tourism Industry Confederation (ITIC), the impact of a no deal Brexit would put Ireland in danger of a "doomsday outcome".

"A doomsday scenario of a ‘no deal’ hard Brexit would directly cost the Irish tourism sector approximately €260m (US$305m, £231m) in its immediate aftermath with the fallout potentially reaching €500m in lost revenue and additional costs including a negative impact on jobs over the coming years," said the tourism body in a Brexit update.

"The set of unilateral proposals contained in the UK Government’s white paper appear to be floundering with just over three months to the October deadline for a Withdrawal Agreement.

"Across Europe, and especially in Ireland, the implications of a ‘no deal’ Brexit are edging up the contingency agendas of politicians, the business community and regulators."

Due to its geographical location, Brexit is likely to affect Ireland more than any other EU nation. A key focus for the country is to create a legally operable backstop, keeping Ireland's borders open with the UK, particularly with the landlocked Northern Ireland.

"In the absence of an agreement on the backstop there can be no Withdrawal Agreement, and therefore no transition period – a position reiterated recently by the European Council‘s full support of Ireland’s position on the issue," said ITIC.

"From a tourism industry perspective a ‘no deal’ outcome would be very damaging to visitor flows and most likely see a collapse in the value of the pound sterling, further hurting businesses with a dependency on the British and Northern Ireland markets."

The shift in the Sterling/Euro exchange rate has already had a significant impact on tourism for Ireland, with visits from Britain and Northern Ireland falling as its competitiveness and value for money ratings have declined. According to ITIC, Dublin saw tourism revenue from Britain fall by €42m (US$49m, £37m) last year, while the South East, West and Border regions each suffered a €10m (US$11.7m, £8.8m) year on year loss.

"While the outcome is still uncertain, it would appear that, irrespective of a ‘deal’ of ‘no deal’ between the UK and the EU over the coming months, the impact on the sector will not be without cost," said the ITIC report.

"Ideally the delivery of the backstop agreement on Ireland’s land border, and a smooth transition period, would be the best outcome for tourism, although it would be unlikely to result in an immediate boost to demand from the UK."
RELATED STORIES
Tourism bodies welcome Brexit paper "with caution"


The UK travel industry has offered a "cautious welcome" to the government’s Brexit white paper, after the document acknowledged some of the sector's key concerns – such as worries over barriers being created for people visiting the UK from EU.
Jeremy Wright named new culture secretary as part of "Brexit chaos" reshuffle


Jeremy Wright, the MP for Kenilworth and Southam, has been named Britain's new culture secretary following a tumultuous 24 hours for the Conservative government which saw the resignations of both Boris Johnson and David Davis.
Sports and physical activity sector to play “important role” post-Brexit


The Department for Culture, Media and Sport (DCMS) is driving for the sports and physical activity sector to have an important role in the government’s Industrial Strategy post- Brexit, according to its head of sport, Andrew Honeyman.
Britain must maximise heritage value ahead of Brexit, says government report


The British government has spelt out plans to maximise the UK's heritage assets as preparations continue to leave the European Union (EU).
MORE NEWS
OPEN Architecture design soulful "Chapel of Sound" in China
Chinese architecture practice OPEN have unveiled renderings of the Chapel of Sound – a cavernous amphitheatre currently under construction north of Beijing, outside the city of Chengde.
Trouble for Six Flags as multiple international projects face delay
Six flags chief Jim Reid-Anderson has revealed that changes in government are stalling the operator's Chinese projects, while there are "no assurances" as to the outcome of the operator's on- hold Dubai development.
Arts Council’s new diversity report shows BME representation below English average
Only 5 per cent of staff members are not white at Arts Council England (ACE) major partner museums (MPMs) while 16 per cent of the working age population are from black and minority ethnic (BME) backgrounds in England, a new report from the organisation has found.
Snapchat creates virtual art gallery for Black History Month
Communications app Snapchat has created an online virtual gallery in celebration of Black History Month, showcasing the work of black millennial artists.
+ More news   
LATEST JOBS
Group Travel Trade Manager
The Royal Mint
Salary: Competitive Salary and Benefits
Job location: Llantrisant, Pontyclun, UK
Commercial Operations Director
The National Museum of the Royal Navy
Salary: £60,000 circa per annum
Job location: Portsmouth, UK
Theme Park Resort Duty Managers
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: Rother Valley, Rotherham, South Yorkshire, UK
Commercial Sales Manager
Mary Rose Trust
Salary: Competitive Salary and Benefits
Job location: Portsmouth, UK
Trainee Manager Programme
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: South Yorkshire, UK
Restaurant and Bar Team Leader
Alton Towers Theme Park
Salary: Competitive
Job location: Stoke-on-Trent, UK
+ More jobs  
 


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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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