Irish spending on foreign holidays down by 28% in Q1 2009
Jul 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish expenditure on foreign holidays by Irish residents fell by 28.1% to €814m in Q1 2009 compared to Q1 2008. Spending on business travel fell by over a quarter to €159.5m. In addition, a total of €168.1m was spent on visiting friends and relatives and this was down 18% from the same period in 2008. Overall spending on foreign trips was down 22.1% to €1,241.4m, according to the CSO.