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Tourism in Ireland continues to grow

Since the drop in VAT was applied to tourism, international arrivals in the country have not stopped growing. The first semester 2014 brought 10.3% growth.

The reduced VAT for tourism implemented in Ireland in 2011, and maintained in 2013, continues to produce results. The first semester 2014 shows growth in international arrivals at the destination, with 2.9 million foreign arrivals or 10.3% more than in the same period the previous year.

The primary supply markets in the country posted fine results on the first six months of the year, with a 13.6% increase in arrivals from the United Kingdom and 10.6% growth in those from North America. The strongest growth in terms of occupancy resulted from arrivals from Spain (+22.3%), followed by Germany (+18.4%).

Thanks to the recovery of its tourist industry, Ireland once again attracts the attention of international investors. Hotels in its capital were the subject of several transactions since the beginning of the year, including the recent sale of the Westin Dublin and of the Hilton Dublin by the American billionaire John Malone.

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