Tourism Ireland have said that “higher-that-expected inflation and rising interest rates worldwide are likely to translate into higher travel costs and weigh on consumer spending”.
Tourism Ireland’s Situation & Outlook Analysis Report (SOAR) October 2022 report states: “Global growth is projected to remain subdued for the rest of 2022, before slowing further in 2023 to an annual growth of 2.2%, according to latest forecasts from the OECD. Higher-than-expected inflation and rising interest rates worldwide are likely to translate into higher travel costs and weigh on consumer spending.
“Based on latest OAG filings, scheduled air seat capacity to Ireland is at 96% of October 2019 levels, with Northern Ireland scheduled at 100%.
“Tourism Ireland’s busy promotional programme continues this autumn. Our Green Button campaigns continue to target holidaymakers in our main overseas markets. In addition, our ‘Ireland Home of Halloween’ campaign will go live later this month.”
