The Irish Travel Agents Association (ITAA) has said that it is quite concerned about the impact of Brexit on the travel industry of Ireland.
On Friday the inaugural Irish Travel Industry Summit was hosted at Dublin’s Clayton Hotel that is located in Ballsbridge.
Cormac Meehan who is the President of ITAA mentioned that there is indeed a certain degree of uncertainty in terms of the effect of Brexit. He thinks that anything that happens to the macro-economy of Europe after Brexit would be affecting all the people in the long run in this part of the world.
The data from Tourism Ireland states that British vacationers travelling abroad in the future would be spending about 50% less while on holidays, 37% would be minimizing their holiday budget and 17% would postpone a trip outside of the United Kingdom.
He went on to add that this would literally imply a push by accommodation providers to raise the prices in an effort to maintain margins for the travel industry professionals of Ireland.
Furthermore he feels that Brexit is also likely to witness the renegotiation of the single sky treaty that Mr. Meehan said that several low cost carriers shift their bases from the UK sooner.
He added that the uncertainty and risk would certainly impact their sector’s growth.
Pat Dawson who is the CEO of the ITAA and Mr. Meehan recently met with the Spanish and Portuguese national tourist boards. They were later told that these markets had anticipated drops in demand from the UK market.
Mr. Meehan said that they are optimistic that holidaymakers from other European markets like Netherlands, Denmark and Germany would help keep prices down for Irish consumers.
The Central Statistics Office (CSO) data from September indicated a decline in the number of tourists from Britain.
The number of British tourists coming to this region had declined by 7.1% for the period between January to August.