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
Ian Kehoe
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...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
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
Comment: The recovery will be more U than V-shaped
Vaccine or no vaccine, the economic consequences of the Covid-19 pandemic are likely to linger well into 2021
