Spending in pubs and restaurants could fall by €5bn this year

Even in its best-case scenario – taking into account the impact of falling tourism figures – spending is set to fall to €4.7bn. File photo

The amount of money consumers – across the island of Ireland – are likely to spend on out-of-home eating and drinking across restaurants, pubs, cafés and hotels could fall by almost €5bn this year, Bord Bia has forecast.