Bank of Ireland - Hotel Industry 2023 H1 Insights and 2023 Outlook
Performance metrics, warehoused tax, market transactions, trading activity and trends
Bank of Ireland
IHF Associate Member

2023 H1 Insights

Record topline performance reported to date by hotels across the country, however operators continue to express concerns about profits due to sustained increases in costs and expenses particularly around staffing and energy.

2023 H2 Outlook

After a strong first half of the year, the outlook remains primarily positive in ROI with strong levels of business on the books reported on average by most locations. However, the anticipated increase in hospitality VAT which is set to revert to 13.5% in September will have an immediate and material impact in profit margins if implemented; uncertainty persists about the potential exclusion of food sales as part of the review.

BOI Hotel Insights and Outlook

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Contact details

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Gerardo Larios Rizo
Head of Hospitality Sector

087 795 1253

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