UK Tourists, The Great Recession and Irish Tourism Policy
Item Type:Working Paper
Citation:Callaghan, Niamh; Tol, Richard S. J., UK Tourists, The Great Recession and Irish Tourism Policy, 2011
WP412.pdf (Pre-print (author's copy) - Non-Peer Reviewed) 234.2Kb
Inbound tourism to Ireland fell sharply in 2009 and 2010. Visits to Ireland from the UK, the dominant country of origin of visitors to Ireland, did not fall faster than UK visits elsewhere. We use micro-data for UK travellers to estimate price elasticities of tourism demand for various market segments. The proposed reduction in the travel tax, and the reduction in the VAT rate for ?tourism goods and services? would lead to a modest increase in visitor numbers and expenditure. However, the increase in expenditure is small compared to the foregone tax revenue.
Type of material:Working Paper
Series/Report no:ESRI Working Paper;412
Availability:Full text available