Irish hotels 'to take a hit' from no-deal
Northern Ireland and other UK travellers are tipped to desert hotels in Dublin in the event of a no-deal Brexit as a weaker pound would push up prices, according to a report.
The survey from accountants Crowe Ireland said the loss of visitors from the UK could result in €52m in lost revenue for Dublin hotels in 2020 alone.
Demand among UK tourists and business travellers could fall by 15%. It said 6% of Dublin hotel rooms were currently sold to visitors from here.
Crowe partner Aiden Murphy said UK guest numbers would fall due to the increased expense of paying in euro and anticipated travel delays, should a hard border become a reality.
And he said the Dublin hotel market had suffered from an increase in competition and value in Belfast, where 1,200 new rooms were added last year. In addition, hotel rooms in Dublin had become more expensive.
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