A business budget? Just don’t say it to hoteliers...
Curbing tax reliefs when they have fulfilled their purpose shows backbone and sound financial sense. But it won’t make the government any friends in the hospitality sector
Five years ago, I wrote a lengthy feature on the calamitous state of the Irish hotel industry entitled ‘Heartbreak hotels’. At the time, Ireland was littered with half-empty hotels, built at huge expense courtesy of huge debt and generous tax breaks. It was all very nouveau riche: per head of population, our developers built the greatest stock of four- and five-star hotels in the world.
In 2013, there were 12 hotels in the...
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Private rental sector remains strong despite Covid-19
Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account
How the programme for government will shape housing
Several strategic changes offer an opportunity for positive reform of planning and development
Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery