Rising costs posing continued profitability issues for businesses, says Fáilte Ireland

Sustained inflation has led to many operators struggling to break even with 68% citing ‘rising energy costs’ as a concern

Recovery in the North American market continues this year, with 80% of hotel visitor numbers up annually, followed by 76% of tour guides and 72% of inbound tour operators

More than half of Ireland's tourism businesses had more visitors to date this year compared to 2022, however, rising costs have led to sustained profitability challenges for the sector, a new report from Fáilte Ireland shows.

Publishing its Strategic Research and Insight Barometer for September, Fáilte Ireland found that the overseas market, specifically, North America, has performed strongly, whereby 59% of operators report being up year-to-date.