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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

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
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
conclusions
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
model of economic impact of hotel guest house activity

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

slide7
Multipliers Used to Estimate GNP & Employment Impacts (Effects in £Million & FTE Jobs per £1Million of Hotel Revenue)
limitations of multiplier analysis
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
summary
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