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05 Jul 2022

Tullamore hotels back ‘yes’ vote

TULLAMORE hotels and guesthouses have come out in support of the Stability Treaty and are encouraging employees to follow suit.

TULLAMORE hotels and guesthouses have come out in support of the Stability Treaty and are encouraging employees to follow suit.

Joe O’Brien, Chairman of the Midlands Branch of the IHF (Irish Hotels Federation) said a positive vote would assist in bringing greater stability to the economy and providing much-needed certainty around sources of future exchequer funding when the current EU/ECB/IMF support ends in 2013.

“Stability and certainty are vital if we are to rebuild confidence in the economy and encourage businesses to invest, deliver growth and generate employment,” said Mr O’Brien.

“This can only be achieved through a commitment to long-term stable fiscal policies that increase confidence in our ability to manage our own economic affairs.”

He said the economic rollercoaster of the last four years has had a devastating impact on domestic consumer confidence with knock-on effects for tourism. The effect has been particularly severe in the hotels sector, where the home market accounts for over 65 per cent of bed nights.

Commenting on the implications for oversees tourism, Mr O’Brien said “a ‘yes’ vote would show our European partners that we are fully engaged with the eurozone project and a fully committed member of the EU. This is increasingly important when it comes to how Ireland is viewed by visitors from our main European markets.”

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