ITAA President: “Uncertainty and risk of Brexit will impact growth of Irish travel industry”

ITAA President: “Uncertainty and risk of Brexit will impact growth of Irish travel industry”

Cormac Meehan addresses challenges of Brexit at Irish Travel Industry Summit

 

Dublin, 24th November 2017  The Irish Travel Agents Association (ITAA) has expressed strong concern over the effect Brexit will have on the Irish travel industry. Cormac Meehan, President of the ITAA, spoke on the subject at the inaugural Irish Travel Industry Summit held in the Clayton Hotel, Ballsbridge, today.

 

Speaking on the challenges of Brexit, Cormac Meehan said, “Whatever happens to the macro economy of Europe, post Brexit will affect us all.  According to data by Tourism Ireland, British holidaymakers travelling abroad in the future will spend 50% less while on holidays, 37% will reduce their holiday budget and 17% will postpone a trip outside of the U.K. For Irish travel professionals, this reduced supply will mean a push by continental accommodation providers to increase prices in an attempt to maintain margins.”

 

He continued, “The traditional travel professional must get ready for a very different world. Brexit will result in the renegotiation of the single sky treaty and many low cost carriers will move their bases from the UK sooner rather than later. The uncertainty and risk are certain to impact our sector’s growth.”

 

Cormac Meehan and Pat Dawson, CEO of the ITAA, recently met with the Spanish and Portuguese National Tourist Boards and were informed that these markets have anticipated drops in demand from the U.K. market. Meehan said, “It is our hope that holidaymakers from other European markets, such Germany, Denmark and the Netherlands, will help keep prices down for Irish consumers.”

 

The President also referenced the Department of Transport, Tourism and Sport’s Brexit impact report (June 2017) which highlighted Ireland’s key connections with the UK.  Meehan commented, “Increased border controls will stifle the movement of over 50 million people annually between our two islands and will result in many challenges for our Northern Ireland counterparts. A weak pound will mean that cost of sales will rise, margins will drop, and lower customer numbers will result in higher prices. Increased border controls will also impact staff mobility.”

 

Meehan concluded, “Our government appears unable to convince their UK counterparts of the gravity and urgency of this situation. It is up to us, travel professionals, to embrace and strengthen bonds with our counterparts in Europe to facilitate and preserve our existing confederate relationships. The ITAA has continuously fought for the right of our consumers to be protected and we will continue to do so in the face of Brexit.”

 

The ITAA represents Ireland’s travel Industry, bringing together 100 travel agent members and 70 affiliate partners. ITAA members cover over 140 outlets in different towns and cities throughout the Republic of Ireland. All travel agent members are licensed by the Commission for Aviation Regulation and are fully bonded providing full financial protection for their customers.

 

Author Information

Travel Agent: Irish Travel Agents Association