Tuesday, October 15 16:19:36
Tourism and hospitality groups today gave a broad welcome for the news that the Budget will retain the lower 9pc VAT rate for the industry.
The Irish Tourist Industry Confederation (ITIC) welcomed the decision.
"We want to sincerely thank and commend Minister Noonan for his wisdom in retaining the single most successful stimulus measure which he himself introduced two and half years ago, and which led directly to the creation of 15,000 jobs in the sector. The elimination of the Airport Departure Tax is a further stimulant which will help greatly with the development of extended air connectivity, so vital to tourism success," said Paul Carty, Chairman of ITIC.
"We well understand the difficulty faced by the Minister in producing a Budget which was seen to be fair while being stimulatory", Mr Carty went on. "Clearly Mr Noonan opted for a Budget which was pro job creation and that is a very sensible and welcome decision."
Failte Ireland also welcomed the announcement as well as the significant funding from for its iconic Wild Atlantic Way project as well as the scrapping of the air travel tax as an important boost to enticing more overseas visitors to our shores.
Speaking today, Failte Ireland's CEO, Shaun Quinn, emphasised: "Today's announcements are extremely welcome. The VAT reduction has provided a real kick-start to an industry which is only now starting to emerge into growth following four or five years of contraction. The continuation of the VAT measure - as well as the investment in the 'Wild Atlantic Way - will allow tourism businesses to generate more revenue and jobs, particularly for those regions away from the major technological and industrial hubs which have been particularly impacted by unemployment."