Cost of Living and Inflation Drive Down Pubs: A Report on Hospitality Sector Challenges

Tuesday, 27 August 2024, 16:14

Cost of living and inflation are wreaking havoc on the hospitality industry, leading to over 2,000 pub closures since the Celtic Tiger peak. This alarming trend is evident across various counties, including Limerick and Cork, indicating a broader economic struggle. The drinks industry group of Ireland emphasizes the urgent need for support.
Irishexaminer
Cost of Living and Inflation Drive Down Pubs: A Report on Hospitality Sector Challenges

Cost of Living and Inflation: Impacting the Hospitality Sector

The increasing cost of living and persistent inflation have significantly impacted the hospitality industry, specifically pubs across Ireland.

Pub Closures Across Regions

Since the height of the Celtic Tiger, over 2,000 pubs have shut their doors, affecting various regions:

  • Limerick
  • Roscommon
  • Cork
  • Tipperary
  • Laois

Interestingly, while Dublin faced a modest 3% decline, the implications stretch far beyond the capital. Smaller pubs are particularly vulnerable, showing a stark reality of economic pressures.

Response from Industry Leaders

The Drinks Industry Group of Ireland (DIGI) and major stakeholders like Diageo and Bulmers have voiced concerns regarding these closures. Urgent support and strategic planning are necessary to stabilize the sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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