The Economic Contribution of Hotels & Guest Houses to the Irish Economy Presentation to Irish Hotels Federation Peter Bacon & Associates Peter Bacon &

Slides:

Advertisements

Similar presentations

The Federal Reserve In Action

Advertisements

What Is The Economic Value of Your Airport? Presentation to the Association of California Airports Annual Conference September 14, 2011 Presented by Doug.

SHALE AND THE US ECONOMY Kathleen B. Cooper October 22, 2013.

Australia’s current tax system Taking a look in five slides April 2015.

Economic and scientific impacts of the externalities of the wine industry: Tony Battaglene.

The Impact of the Aerospace Industry in Washington State

Presentation to the Dublin Chamber of Commerce

TOURISM PETER ROBINSON MICHAEL LÜCK STEPHEN L. J. SMITH.

Basic Marketing Concepts

Chapter 11 An Introduction to Open Economy Macroeconomics.

Fiscal Policy By: Johnny, Faisal, Nish, Bianca, & Kalam.

Are Ontario Casinos Effective Economic Development Tools? A Brief Summary.

ECON 1211 Lecturer: Dr B. Nowbutsing Topic 1: Introduction to Macroeconomics and National Income Accounting.

Dr. David Gallo Department of Economics Center for Economic Development California State University, Chico.

To view a full-screen figure during a class, click the red “expand” button.

Monetary and Fiscal Policy

Contribution that large-scale organisations make to the economy.

Immigration in the context of MBIE’s wider policy goals and objectives Pathways Conference, 23 July 2015 Stephen Dunstan GENERAL MANAGER, SERVICE DESIGN.

Copyright 2009 IDC. Reproduction is forbidden unless authorized. All rights reserved. The Economic Impact of IT, Software and Microsoft in South Africa.

An Analysis of the Economic Impacts of the Iowa Bioprocessing Center in Eddyville, Iowa David Swenson Associate Scientist Regional Capacity Analysis Program.

The Canadian Occupational Projection System Gilles Bérubé Labour Market Research and Forecasting Division Human Resources and Skills Development Canada.

Economic Contributions of Florida Agriculture, Natural Resources, Food & Kindred Product Manufacturing, Distribution and Service Industries: 2008 Update.

Memorial Hospital’s Economic Impact on the Community Date.

Economic and Community Impact of Kansas Hospitals 2010.

Bae Economic Impact of San Francisco’s Cruise Industry June 8, 2007.

The Economic Impact of Commercial Space Transportation on the U.S. Economy May 20, 2004 Paula Trimble Federal Aviation Administration Associate Administrator.

July 2012 The Economic Impact of Tourism in Clark County, Ohio.

Evaluation Evaluation Summary June,  The KIEDF Sawa program began operating in 2006 with Bedouin women in the Negev, as a central tool in the.

UNEMPLOYMENT IN VIETNAM Group members. OUTLINE Part I : Theories of unemployment Definition of unemployment How to measure unemployment Types of unemployment.

Rural Economy Research Centre Situation and Outlook Conference Situation and Outlook for the Dairy Sector T. Donnellan and T. Hennessy.

Michael Hall David Lasby October 24, 2007 Using a Social Economy Framework for Understanding the Economic Impact of Community Organizations.

External Influences The Macro-Economy. External Influences – The Macro- Economy The Macro-economy:  The production and exchange process of the whole.

Pearl Imada Iboshi Department of Business, Economic Development & Tourism Current Hawaii Economic Conditions August 21, 2009.

Copyright © 2010 Pearson Education Canada. In 2007, the federal government spent 15 cents of each dollar Canadians earned and collected 16 cents of.

Planning Personal Finances. Personal Financial Planning SPENDING SAVING INVESTING So you can have the kind of life you want as well as financial security.

MOVING EUROPE’S PRODUCTIVITY FRONTIER: The Role of Human Capital Karl PICHELMANN “Quality of Tertiary Education and the Economic Policy Agenda” Ljubljana,

THE ECONOMIC AND FISCAL IMPACT OF THE PROPOSED TOURO UNIVERSITY VILLAGE DEVELOPMENT A Presentation to the Vallejo Chamber of Commerce June 13, 2007 Gruen.

UNEMPLOYMENT INSURANCE FUND BRIEFING FOR PORTFOLIO COMMITTEE CAPE-TOWN 1 ST JUNE 2004.

The Worth of Health Care By Gerald A. Doeksen Regents Professor and Director National Center for Rural Health Works Presentation at Virginia College of.

9 © 2004 Prentice Hall Business PublishingPrinciples of Economics, 7/eKarl Case, Ray Fair The Government and Fiscal Policy Prepared by: Fernando Quijano.

The Distribution of Recent Economic Gains: Some early observations Ben Dolman.

Public Schools of Petoskey Budget Update and Outlook February 2009.

The Federal Reserve In Action. What is the Fed?  Central bank of the United States  Established in 1913  Purpose is to ensure a stable economy for.

ECONOMICS OF TRAVEL &TOURISM

Bio-Fuels: Opportunities and Challenges 9 th Annual Farmer Cooperative Conference T. Randall Fortenbery Renk Agribusiness Institute Dept. of Ag and Applied.

1 Local Government Budgets and Expenditure Review 2001/02 – 2007/08.

National Income The sum total of the values of all goods and services produced in a year It is the money value of the flow of goods and services available.

External Influences The Macro-Economy. External Influences – The Macro-Economy The Macro-economy: – The production and exchange process of the whole economy.

Overall objective -- to estimate the economic impact of the Medicaid program on Alaska’s economy. More specifically, the report will: 1.provide a brief.

Chapter Finance and Economics in the Sport Industry Timothy D. DeSchriver, University of Delaware Daniel F. Mahony, Kent State University C H A P.

1 Chapter 4 National Income and its Measurement. 2 Chapter outline Meaning and definition. Significance of National Income Factors effecting the volume.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Fiscal Impact Analysis – City of Norwalk, Connecticut October 5, 2006 Prepared by:RKG Associates, Inc. Economic, Planning and Real Estate Consultants 277.

Only 3 Entities in Economy Free Market System

As an Engine for Economic Growth and Employment September 2014 Dr. Robert J. Shapiro.

The South African Fruit Industry – Contribution to Food Security

8.4 Federal Reserve System

External Influences The Macro-Economy.

The Budget and Economic Polices

CT Association of Nonprofits BUDGET FORUM

CHAPTER 5 FAMILY / CONSUMER ECONOMIC STATUS CRITERIA

The Influence of Monetary and Fiscal Policy on Aggregate Demand

Role of the state.

University of South Florida Center for Economic Development Research

The Government and Fiscal Policy

Economic Performance Chapter 13.

FACT CARD 1: ECONOMIC IMPACT OF LONG-TERM CARE

13 FISCAL POLICY. 13 FISCAL POLICY After studying this chapter, you will be able to: Describe the federal budget process and the recent history of.

Economic and Fiscal Considerations of Legalized Cannabis

Municipal Accommodation Tax (MAT) February 5, 2019

Presentation transcript:

The Economic Contribution of Hotels & Guest Houses to the Irish Economy Presentation to Irish Hotels Federation Peter Bacon & Associates Peter Bacon & Associates ECONOMIC CONSULTANTS 27 February 2001 Ormonde Hotel Kilkenny

Structure of the Presentation n Conclusions n Summary Measures of Economic Impact n Structural Characteristics of Business Influencing these Measures n Approach & Methodology Underlying Estimates n Regional Analysis of Results n Analysis according to Classification of Hotels

Conclusions n Hotel & Guest House Revenue leads to over £1.5Billion contribution to GNP, or 2.2 per cent n Since 1992, direct contribution has been maintained and total contribution is up n Employment intensity is increasing, direct employment 46,822 FTE & over 76,500 in total n Regional employment role very important n Future lies in raising importance of room services n Regulatory regime appears anachronistic

Hotels & Guest Houses Annual Contribution to GNP (Per cent)

Hotels & Guest Houses Contribution to Employment (Numbers of FTEs)

Model of Economic Impact of Hotel & Guest House Activity Payments for Hotel Services Salaries, Profit Purchases of Goods & Services Purchase of inputs & services Salaries, Profit & purchases of Goods & services Taxation Payments Spending by Government on goods & services

Multipliers Used to Estimate GNP & Employment Impacts (Effects in £Million & FTE Jobs per £1Million of Hotel Revenue)

Limitations of Multiplier Analysis n Requires very detailed database, inevitably dated n Multipliers assume the supply side is elastic, not generally true and certainly not the position in relation to current labour market n Difficulties associated with attributing spending to differenent types of service

Distribution of Hotel Revenue by Department Classified by Grade of Hotel (per cent)

Distribution of Hotel Revenue by Source Classified by Hotel Grade (Per Cent)

Distribution of Hotel Bedrooms By Hotel Grade & By Region (Per Cent)

Distribution of GNP Impact by Region (Per cent)

Distribution of GNP Impact by Hotel Grade & Per Room (per cent)

Regional Distribution of Employment Impact (Per cent)

Distribution of Employment Impact By Grade of Hotel & By Hotel Room (Per cent)

Summary n Significant impact on GNP which has been sustained during expansion of 1990s n Employment intensity has increased in recent years n Significant contributor to employment, especially regional aspect n Future growth requires focus on room services n Regulatory regime an impediment