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07.11.2013

ACCOMMODATION SERVICES SEE NEGATIVE INFLATION OF -0.2% YEAR ON YEAR

Very competitive market conditions in the hotels sector over the summer season

 

7th November 2013: The Irish Hotels Federation states that the CSO consumer price index figures published today reveal a -0.2% rate of inflation in accommodation services including hotel bednights for the twelve months to October 2013. This reflects very competitive market conditions in the hotels sector over the last year. (See note to editors below.)

              

The IHF notes that there is excellent value on offer by Irish hotels and guesthouses across the country and that pro-tourism measures by the Government over the last two years, such as the 9% tourism VAT rate, have allowed Ireland to improve its competitiveness when marketing Irish tourism internationally.

 

 

-ENDS-

 

Note to editor:

Each month the CSO publishes its national consumer price index. Table 14 relates to hotels and restaurants, with line 11.2 relating specifically to accommodation services (price of bedrooms). While the overall inflation in the Restaurants and Hotels category is up 1.8%, this includes catering services, restaurants, cafes, licensed premises and canteens and related mainly to increased excise duty in the Budget. The accommodation services element showed a fall in prices of 0.2%. This relates to products and services carried out by hotels and other accommodation businesses.

 

 

Please see the most recent CSO figures below for twelve months to October (table 14, line 11.2):

http://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexoctober2013/

 

FOR INFORMATION:

Eoin Quinn / Orla Molloy                              Dublin office: 01 6798600

Weber Shandwick                                           Mobile: 087 233 2191 / 087 770 5108

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