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.