Ibec survey shows falling confidence within Ireland's experience economy

The sector encompasses hospitality, retail, travel, food, drink, tourism, entertainment, technology, events and organisations in the arts, cultural, sporting and heritage sectors

The top three risks identified by the experience economy are inflation and impact on competitiveness (99%), increased overhead costs (98%), and cost of labour (97%).

These are challenging times for the experience economy. 

The Irish Business and Employers Confederation (Ibec) have released its latest pulse survey on this economic sector, showing that 29% of companies operating there are less confident about their business than they were six months ago, added to by more than one in four having less confidence about the overall state of the economy.