Published on : Wednesday, May 15, 2019
Growth rates for Ireland and international arrivals have declined considerably with the Compound Annual Growth Rates (CAGR) nearly half the rate for the previous years from 8.1% in 2014 to 2018, to 3.8% for 2018 to 2023, as per GlobalData, a leading data and analytics company.
The company’s latest report ‘Tourism Destination Market Insights: UK & Ireland – Analysis of destination markets, infrastructure and attractions, and risks and opportunities’, analyzes source markets, infrastructure and attractions, evaluating the risks and opportunities for the UK & Ireland as destination markets.
Johanna Bonhill-Smith, Associate Analyst for Travel & Tourism at GlobalData said, “Ireland received around 9.3million international arrivals in 2018 and an increase of 3.9% is forecast for 2019; urging around 9.7million international travelers to Ireland. Despite this growth, 2017 to 2018 held a yearly difference of 7%, nearly double the amount for the increase this year.”
The UK holds the top position for international arrivals presently, due to accessibility, affordability and convenience in travel to Ireland. However, due to ongoing negotiations, complete uncertainty and potential outcomes due to Brexit’, traveler flows have also slowly went down according to GlobalData.
European source markets dominated the Irish international arrivals lists for 2018, with countries like Germany, France, Italy and Spain taking the lead.
Promotion campaigns like ‘Emerald Island – Passport to the World’ in 2019, a travel documentary showcasing Ireland across Canada, has driven Canadian travelers to Ireland.