UK Tourists, The Great Recession and Irish Tourism Policy
Abstract
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.Download Info
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Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP412.Length:
Date of creation: Oct 2011
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Handle: RePEc:esr:wpaper:wp412
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Related research
Keywords: Policy/recession/Tourism/Ireland/taxes;This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-21 (All new papers)
- NEP-TUR-2011-11-21 (Tourism Economics)
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