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

adamdaniel
the economic contribution of hotels guest houses to the irish economy l.
Skip this Video
Loading SlideShow in 5 Seconds..
The Economic Contribution of Hotels & Guest Houses to the Irish Economy PowerPoint Presentation
Download Presentation
The Economic Contribution of Hotels & Guest Houses to the Irish Economy

play fullscreen
1 / 16
Download Presentation
The Economic Contribution of Hotels & Guest Houses to the Irish Economy
194 Views
Download Presentation

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

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. 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

  2. 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

  3. 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

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

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

  6. 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

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

  8. 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

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

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

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

  12. Distribution of GNP Impact by Region (Per cent)

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

  14. Regional Distribution of Employment Impact (Per cent)

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

  16. 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