Economics: Latest figures to show further growth in the number of trips by overseas residents to Ireland

The domestic economic focus on Thursday turns to the tourism sector, and the number of trips to Ireland by overseas visitors in September. The data are due for release by the Central Statistics Office later this morning.

In August, the total number of trips to Ireland by overseas residents increased by 7.6% to 1,202,100 – an overall rise of 84,500 compared to twelve months earlier. Trips by residents of Great Britain increased by 2.2% to 405,000 while trips by residents of European Countries other than Great Britain (Other Europe) rose by 9.7% to 427,200. Trips by residents of USA and Canada to Ireland increased by 11.7% to 286,800 while trips to Ireland from Other Areas rose by 10.6% to 83,200.

The total number of overseas trips made by Irish residents during August increased by 1.6% to 870,400. The total number of trips (Irish residents’ trips overseas plus trips to Ireland) in July rose by 5.0% to 2,072,500 when compared to twelve months earlier. In 2017, the total number of trips to Ireland was 9,932,100, an increase of 3.6% over 2016.

Currency issues will be critical for how the tourism sector performs this year, with the industry likely to welcome a weaker euro versus the dollar, though not a depressed UK pound. Overall, tourism figures for the first eight months of 2018 were positive, pointing to further growth for the year as a whole. However, with the reduced VAT rate of 9% for the tourism industry restored back to the full rate of 13.5% in the recent Budget, it could be a more difficult year for the sector in 2019.

As regards September, the total number of trips to Ireland by overseas residents are forecast to be 8.5% higher in the year.

Alan McQuaid (25/10/18)
Economist

The domestic economic focus on Thursday turns to the tourism sector, and the number of trips to Ireland by overseas visitors in September. The data are due for release by the Central Statistics Office later this morning.

In August, the total number of trips to Ireland by overseas residents increased by 7.6% to 1,202,100 – an overall rise of 84,500 compared to twelve months earlier. Trips by residents of Great Britain increased by 2.2% to 405,000 while trips by residents of European Countries other than Great Britain (Other Europe) rose by 9.7% to 427,200. Trips by residents of USA and Canada to Ireland increased by 11.7% to 286,800 while trips to Ireland from Other Areas rose by 10.6% to 83,200.

The total number of overseas trips made by Irish residents during August increased by 1.6% to 870,400. The total number of trips (Irish residents’ trips overseas plus trips to Ireland) in July rose by 5.0% to 2,072,500 when compared to twelve months earlier. In 2017, the total number of trips to Ireland was 9,932,100, an increase of 3.6% over 2016.

Currency issues will be critical for how the tourism sector performs this year, with the industry likely to welcome a weaker euro versus the dollar, though not a depressed UK pound. Overall, tourism figures for the first eight months of 2018 were positive, pointing to further growth for the year as a whole. However, with the reduced VAT rate of 9% for the tourism industry restored back to the full rate of 13.5% in the recent Budget, it could be a more difficult year for the sector in 2019.

As regards September, the total number of trips to Ireland by overseas residents are forecast to be 8.5% higher in the year.

Alan McQuaid (25/10/18)
Economist