Tourism sector warned of 'value for money ratings' amid VAT hike threat

CEO of Fáilte Ireland Paul Kelly said that the inbound tourism recovered well in 2022 getting close to pre-covid levels towards the end of the year.

The tourism sector needs to be “really mindful” of its “value for money ratings” this year as many are concerned about inflation and the general cost of living, the Chief Executive of Fáilte Ireland has warned.

It comes as the Government is expected to decide this week on whether to remove the special VAT rate of 9% for the hospitality sector, which is due to expire at the end of this month, bringing the VAT rate back up to 13.5%.