In churning tourism revenue, Dublin plays the main role

Published on : Thursday, November 9, 2017

Dublin plays the main roleAs per a recent study, Dublin churns out over half of the GDP of the state in terms of the tourism and travel sector. It is immensely dependent on international visitors.

 
The World Travel & Tourism Council or WTTC count the economic and employment effect of the tourism sector at the national as well as regional level. Its recent research has examined 65 cities.

 
In the study, three cities add up to the half of the GDP of the travel and tourism of the state: Prague with 60.3 percent, Dublin 59.1 percent and Brussels with 52.6 percent.

 
Dublin and Istanbul are recognized as having “a very high reliance” in regards to international demand, more than 90 percent, which is perked up by the impact of airport revenues.

 
Prague, London, Amsterdam, Barcelona, and Brussels also have high dependence on foreign visitors. Every city contributing over 80 percent of travel and tourism spend.

 
According to a report, in 2016, inbound spend for Dublin was €9.2 billion, where as the sector’s GDP contribution grew from €1.6 billion in 2006 to €2.9 billion last year. The report shows the statistics will grow to €4.9 billion in 2026.

 
From international visitors, London generates more spend than any other city in Europe. WTTC chief executive Gloria Guevara explained that the London is Open campaign had given “a very strong message of welcome” to tourists from other countries.

 
“Uncertainty around Brexit and the impacts of terrorism will put pressure on the city’s tourism sector in 2017,” she said.

 
“However, our data suggests that London is well placed to be resilient against these challenges. We expect international tourism spend to increase by 7 per cent every year over the next 10 years.”

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