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. 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 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


Structure of the presentation l.jpg
Structure of the Presentation Irish Economy

  • 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


Conclusions l.jpg
Conclusions Irish Economy

  • 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




Model of economic impact of hotel guest house activity l.jpg

Model of Economic Impact of Hotel & Guest House Activity FTEs)

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


Slide7 l.jpg
Multipliers Used to Estimate GNP & Employment Impacts FTEs)(Effects in £Million & FTE Jobs per £1Million of Hotel Revenue)


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Limitations of Multiplier Analysis FTEs)

  • 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









Summary l.jpg
Summary Hotel Room (Per cent)

  • 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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