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Solid Growth for the Tourism Industry in Ireland

Written by: Bridgewest

Solid-Growth-for-the-Tourism-Industry-in-Ireland.jpgThe tourism industry in Ireland is maintaining a solid growth rate and thus, businessmen interested in opening a company here can find several investment opportunities. It is important to know that the Irish Central Statistics Office announced that more tourists are interested in visiting Ireland and another relevant aspect in this sense is related to the fact that they are spending more time in this country.  In the third quarter of the year, Ireland registered an increase of 10%, compared to the same period of the previous year. Our team of company formation specialists in Ireland can offer more information on this matter. 

Tourism in Ireland in 2016  

The tourism industry in Ireland is increasing at a rapid pace. In the third quarter of 2016, visitors spent approximately EUR 1.7 billion. The value represents an increase of 9.2% compared to the same period of 2015. 
The Irish Tourist Industry Confederation also stated that the Irish tourism had very good results in 2016, confirming the above mentioned values. 
Foreign businessmen who are interested in company formation in Ireland should know that the value of the Irish tourism industry in 2016 accounted for EUR 8 billion, while the overall number of tourists increased to 8.8 million. 
The internal tourism had a total value of EUR 1.75 billion. Our team of Irish company formation agents can offer more information on the legislation regulating this field. 

Employment in Ireland  

A direct effect of the growth which was registered in the tourism field was related to the employment levels, which increased for this industry. 
In 2016, the Irish tourism industry managed to create 20,000 new jobs
Investors who want to open a company in Ireland with operations in the field of tourism should know that, at the moment, this sector represents one of the largest local employers
At the same time, it is also important to know that the projections related to this field are showing a further increase of 5% at the level of 2017 (in terms of foreign tourists). 
Businessmen interested in receiving more details on the Irish tourism industry are invited to contact our team of company registration consultants in Ireland.