Over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world. Today, the business volume of tourism equals or even surpasses that of oil exports, food products or automobiles.
(World Tourism Organisation, 2012)
Tourism is one of Ireland's most important economic sectors and has significant potential to play a key role in Ireland's economic renewal. As well as being our longest standing source of service export earnings, it generates employment for a range of skills levels across the country – often in areas where the scope to develop other export focused sectors is constrained.
(Action Plan for Jobs 2012)
Tourism is recognised as key to Ireland’s economic recovery. Having lost market share during the ‘Celtic Tiger’ years, the sector has successfully restored its competitiveness. Challenges and opportunities abound, as new markets open up but so too does the range of competing destinations and tourist experiences.
The tourism sector requires a combination of private and public investment and regulation to prosper. Justifying public investment in particular can be challenging, given the difficulty in matching benefits to particular infrastructure or policies.
DKM is the leading proponent of project and policy analysis in Ireland. In recent years we have undertaken Economic Analyses of:
Economic Assessment of a Regulated Casino Gaming Sector: Ireland 2008-2020
Croke Park Social, Economic, Business & Environmental Influences
Economic Impact of Redevelopment of the National Concert Hall