3.6 C
Ireland
Thursday, December 2, 2021

Hotels estimated to lose over €90 million in revenue this Christmas over event cancellations

According to research from the Irish Hotels Federation, (IHF) it has been estimated that hotels could potentially lose over €90 million in revenue this Christmas with events being cancelled due to Covid-19 restrictions.

Industry stakeholders are now urging the Government to provide additional supports to the sector to tackle the lost revenue from events cancellations.

-AD-

These cancellations come as public health guidelines advise working from home when possible as well as a reduction in social contacts.

Chief executive of the IHF Tim Fenn stated, “The trading environment for the hotel sector is now completely different to a few weeks ago. Hotels and guesthouses are taking an enormous financial hit, and this must be recognised up front by the government in the form of urgent additional supports for our sector.”

He added, “The government must recognise the impact recent changes to public health advice are having on our industry and reverse decisions to withdraw supports until the impact of Covid 19 measures has abated”.

-AD-

Room occupancy rates are also expected to be lower this year with occupancy averaging 34% for December and 14% in January and February.

POPULAR

First US omicron case detected in California

The first confirmed case of the new omicron Covid-19 variant in the United States has been detected in California.

NPHET considers mandatory Covid-19 vaccinations for healthcare workers

The National Public Health Emergency Team (NPHET) is considering making vaccines mandatory for healthcare workers. The issue was raised...

Increase in primary school children contracting Covid-19

The number of primary school children contracting Covid-19 rose again last week. Last week, 6,077 five to twelve-year-olds tested...

Face masks ‘absolutely not required’ during PE or school yard breaks

Minister for Education Norma Foley has said it will be "absolutely not required" for children to wear face masks during PE or...
Ireland
broken clouds
3.6 ° C
4.1 °
3 °
77 %
5.3kmh
79 %
Thu
6 °
Fri
9 °
Sat
5 °
Sun
5 °
Mon
10 °