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Extra Bank Holiday Could Generate Up To €20m In Tourism Revenue

Published on Sep 29 2021 8:04 AM in General Industry tagged: Featured Post / Fáilte Ireland / ISME / Bank Holiday

Extra Bank Holiday Could Generate Up To €20m In Tourism Revenue

An extra bank holiday this year could generate up to €20 million in tourism revenue, RTÉ News has reportedly learned.

As reported by rte.ie, that is according to an analysis carried out by Fáilte Ireland.

Sources close to the study reportedly said that they expected the figure to be higher, but reportedly believe that the findings are robust.

The news comes as the government is reportedly examining introducing a bank holiday between now and the end of the year as a means of recognising everyone's contribution during the COVID-19 pandemic including all categories of frontline workers, and to remember those who have died as a result of COVID-19.

Date

A date has reportedly not yet been decided, but it reportedly could be in November or between Christmas and year end.

Some within the government reportedly think that while a new public holiday now looks certain to fall later in the year, it could be "tailored" to occur at a different point in the years ahead.

A number of government TDs reportedly believe that a bank holiday in late September would be more beneficial to the economy.

Fine Gael Deputy Ciarán Cannon reportedly suggested that the new holiday should be around the same time as Thanksgiving in the US, and reportedly said that a Thanksgiving public holiday on the last Monday in November would strengthen the links between Ireland and the US and generate new tourism opportunities.

Tánaiste Leo Varadkar reportedly said while speaking in Washington that no decision has been made yet on a possible date, and "It may even require primary legislation so that needs to be borne in mind too. The idea is around remembrance of the fact that 5,000 people or more have passed away and they have families who are grieving, and also a way of recognising volunteers as well as workers who made a special effort."

ISME Chief Executive Statements

The chief executive of small firms group ISME, Neil McDonnell, has reportedly said that granting an additional bank holiday must be done for "intelligent, justifiable reasons", and that it must not happen because we have just come through a pandemic.

One Of The Lowest Numbers Of Bank Holidays In Europe

Ireland currently has nine bank holidays annually, which is reportedly one of the lowest numbers in Europe.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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