Tourism sector could lose €1bn from accommodating Ukrainian refugees, says industry body

The ITIC recommended that between 12% and 15% of available hotel room supply be used by Government to accommodate refugees

The Russian invasion of Ukraine in February has resulted in the largest displacement crisis in Europe since the Second World War. Picture: Louisa Gouliamaki/AFP via Getty Images

Irish tourism business group ITIC warns of potential loss of €1bn in earnings across the hospitality sector from continuing to accommodate Ukrainian refugees.

The group said if the “over-reliance” on tourist accommodation to house people fleeing the war continues into 2023, tourism supply could be reduced by about 30% if the number of Ukrainian refugees reaches 90,000.