Politicians need to ignore anti-hotel sentiment
If our leaders do not want to be haunted by past errors, they must resist any new hotel development planning restrictions coming into force in the final months of 2020
Real estate is a cyclical business, and hotels have been dealt a hammer blow by Covid-19. While the origins of this crisis are very different to the economic downturn of 2008-09, we now find ourselves in an unfortunately familiar position.
Staycations aside, without a resumption of international tourism, Irish hotel demand will remain weak in 2020 and 2021. Consequently, we now have excess hotel bedroom capacity in Ireland.
Hotels are, however, not factory-produced commodities. When demand for...
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