05/03/2002
Northern visitors help offset hotel losses in Republic
Average national levels of hotel room occupancy in the Republic of Ireland showed a four-point drop to 61 per cent in 2001, according to latest Bord Fáilte figures.
However, in its annual Hotels Survey for 2001, the Irish tourist board revealed that a strong showing from the domestic market and in particular visitors from Northern Ireland helped minimise losses in what was a very difficult year for the Irish hotel sector.
Niall Reddy, acting chief executive of Bord Fáilte said: “The results of this survey certainly reflect the difficult time experienced by all sectors of the tourism industry in 2001, particularly in our important overseas markets of mainland Europe and North America.
“However, it is not all bad news and it is heartening to note that there were actually increases in uptake from the domestic and Northern Ireland markets, with gains of seven per cent and per cent respectively. These markets are going to be central to the development of tourism throughout 2002, while we strive to claw back the losses sustained on other fronts”.
In 2001, the domestic and Northern Ireland markets accounted for 54 per cent of all bed nights sold, while the British market also showed an increase of two per cent, despite movement restrictions caused by Foot and Mouth Disease.
However, the effects of the two main body blows suffered by tourism in 2001, the outbreak of Foot and Mouth Disease and uncertainties caused by the events of September 11 are clearly borne out in the hotel figures.
The traditionally strong months of April and September saw occupancy rates fall by 12 and 11 percentage points respectively on 2000. Meanwhile, demand from North America was down by 21 per cent overall and by 18 per cent from mainland Europe.
Regionally, Dublin which is particularly dependent on overseas markets, suffered a six percentage point decline in room occupancy levels, while room occupancy rates in the West fell five points to 50 per cent. The North West, which relies heavily on the domestic and Northern Ireland markets reported a relatively small drop-off in room occupancy while a particularly strong performance from these markets greatly aided figures in the South West which suffered from the loss of North American business.
Mr. Reddy concluded: “2002 is set to present an enormous challenge to our industry, however due to the excellence of our hotels product I am confident strides can be made towards a recovery on the losses sustained last year.
"However it is important to be vigilant about pricing, particularly from the European perspective, and not to lose sight of the great potential offered by the domestic and Northern Ireland markets."
(MB)
However, in its annual Hotels Survey for 2001, the Irish tourist board revealed that a strong showing from the domestic market and in particular visitors from Northern Ireland helped minimise losses in what was a very difficult year for the Irish hotel sector.
Niall Reddy, acting chief executive of Bord Fáilte said: “The results of this survey certainly reflect the difficult time experienced by all sectors of the tourism industry in 2001, particularly in our important overseas markets of mainland Europe and North America.
“However, it is not all bad news and it is heartening to note that there were actually increases in uptake from the domestic and Northern Ireland markets, with gains of seven per cent and per cent respectively. These markets are going to be central to the development of tourism throughout 2002, while we strive to claw back the losses sustained on other fronts”.
In 2001, the domestic and Northern Ireland markets accounted for 54 per cent of all bed nights sold, while the British market also showed an increase of two per cent, despite movement restrictions caused by Foot and Mouth Disease.
However, the effects of the two main body blows suffered by tourism in 2001, the outbreak of Foot and Mouth Disease and uncertainties caused by the events of September 11 are clearly borne out in the hotel figures.
The traditionally strong months of April and September saw occupancy rates fall by 12 and 11 percentage points respectively on 2000. Meanwhile, demand from North America was down by 21 per cent overall and by 18 per cent from mainland Europe.
Regionally, Dublin which is particularly dependent on overseas markets, suffered a six percentage point decline in room occupancy levels, while room occupancy rates in the West fell five points to 50 per cent. The North West, which relies heavily on the domestic and Northern Ireland markets reported a relatively small drop-off in room occupancy while a particularly strong performance from these markets greatly aided figures in the South West which suffered from the loss of North American business.
Mr. Reddy concluded: “2002 is set to present an enormous challenge to our industry, however due to the excellence of our hotels product I am confident strides can be made towards a recovery on the losses sustained last year.
"However it is important to be vigilant about pricing, particularly from the European perspective, and not to lose sight of the great potential offered by the domestic and Northern Ireland markets."
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
11 April 2002
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
UK new investment projects fall
The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
01 November 2018
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.
02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
01 November 2001
Energia charges ahead in competitive electricity supply
Energia, the independent electricity supply company in Ireland, has announced that it is to serve the electrical energy needs of 40 per cent of Irish companies eligible to freely choose their power provider in the year ahead.
Energia charges ahead in competitive electricity supply
Energia, the independent electricity supply company in Ireland, has announced that it is to serve the electrical energy needs of 40 per cent of Irish companies eligible to freely choose their power provider in the year ahead.
-
Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.