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The Economic Contribution of Hotels & Guest Houses to the Irish Economy PowerPoint PPT Presentation


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The Economic Contribution of Hotels & Guest Houses to the Irish Economy. Presentation to Irish Hotels Federation Peter Bacon & Associates ECONOMIC CONSULTANTS 27 February 2001 Ormonde Hotel Kilkenny. Structure of the Presentation. Conclusions Summary Measures of Economic Impact

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The Economic Contribution of Hotels & Guest Houses to the Irish Economy

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The economic contribution of hotels guest houses to the irish economy l.jpg

The Economic Contribution of Hotels & Guest Houses to the Irish Economy

Presentation to Irish Hotels Federation

Peter Bacon & Associates

ECONOMIC CONSULTANTS

27 February 2001

Ormonde Hotel

Kilkenny


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Structure of the Presentation

  • Conclusions

  • Summary Measures of Economic Impact

  • Structural Characteristics of Business Influencing these Measures

  • Approach & Methodology Underlying Estimates

  • Regional Analysis of Results

  • Analysis according to Classification of Hotels


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Conclusions

  • Hotel & Guest House Revenue leads to over £1.5Billion contribution to GNP, or 2.2 per cent

  • Since 1992, direct contribution has been maintained and total contribution is up

  • Employment intensity is increasing , direct employment 46,822 FTE & over 76,500 in total

  • Regional employment role very important

  • Future lies in raising importance of room services

  • Regulatory regime appears anachronistic


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Hotels & Guest Houses Annual Contribution to GNP (Per cent)


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Hotels & Guest Houses Contribution to Employment (Numbers of FTEs)


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Model of Economic Impact of Hotel & Guest House Activity

Purchase of inputs & services

Salaries, Profit

Taxation Payments

Payments for Hotel Services

Purchases of Goods & Services

Salaries, Profit & purchases of Goods & services

Spending by Government on goods & services


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Multipliers Used to Estimate GNP & Employment Impacts (Effects in £Million & FTE Jobs per £1Million of Hotel Revenue)


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Limitations of Multiplier Analysis

  • Requires very detailed database, inevitably dated

  • Multipliers assume the supply side is elastic, not generally true and certainly not the position in relation to current labour market

  • Difficulties associated with attributing spending to differenent types of service


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Distribution of Hotel Revenue by Department Classified by Grade of Hotel (per cent)


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Distribution of Hotel Revenue by Source Classified by Hotel Grade (Per Cent)


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Distribution of Hotel Bedrooms By Hotel Grade & By Region (Per Cent)


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Distribution of GNP Impact by Region (Per cent)


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Distribution of GNP Impact by Hotel Grade & Per Room (per cent)


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Regional Distribution of Employment Impact (Per cent)


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Distribution of Employment Impact By Grade of Hotel & By Hotel Room (Per cent)


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Summary

  • Significant impact on GNP which has been sustained during expansion of 1990s

  • Employment intensity has increased in recent years

  • Significant contributor to employment, especially regional aspect

  • Future growth requires focus on room services

  • Regulatory regime an impediment


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