Davy says Irish Tourism troubles are threat for economy and banks; Hotel bedroom numbers jumped from 26,000 in 1996 to 64,500 in 2008 - a surge of 150% - while tourist numbers rose just over 70%
Aug 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Davy Research says that Irish Tourism is facing three problems: weakening external and domestic demand, unfavourable foreign exchange movements and overcapacity. Cheap credit and tax breaks helped boost hotel bedroom numbers 150% since 1996 while tourist numbers rose just over 70%