Tourism’s Increasingly Important Role in Supporting Long-Term Economic Growth

Clare FM

The tourism sector may play an increasingly important role in supporting long-term economic growth. That's according to the latest SME Monitor published today by Banking and Payments Federation of Ireland. Irish GDP grew by over 13 per cent in the first quarter of the year, largely driven by medical and pharmaceutical exports. Brian Hayes, Chief Executive of the BPFI, says the tourism sector could help to keep employment high... Alan has been speaking about this with Mark Nolan, President of the Shannon Chamber, former managing director of Dromoland Castle Hotel. Alan first asked Mark if he thought the tourism sector can realistically compensate for potential economic hits to high-value industries like medical and pharma, especially in terms of jobs and wages... To explore this further, Alan Morrissey was joined by Owner at Doolin Inn, Anthony Moloney. Photo(C): studioroman via canva