Lack of accommodation threatens tourism sector growth

North America expected to expand on back of increased transatlantic routes

The Dragon makes its way through the streets of Galway as part of Galway International Arts Festival in July. Picture: Andrew Downes, xposure.

The tourism industry earned €5.3bn from overseas visitors in 2023 with the potential to expand the industry by 5% next year.

According to the Irish Tourism Industry Confederation's (ITIC) review and outlook report, the sector remains robust despite the impact of inflation and international events. The report estimates that 254,000 people are working in the sector today making it the country’s largest indigenous industry and biggest regional employer. Looking to next year, ITIC forecasts that Irish tourism can achieve 5% revenue growth in real terms in 2024 with the North American market offering the best prospects.