During the first quarter of 2019, it seemed that tourism spending has fallen by 4%. What is odd about this number is the fact that the rate of travel to Ireland has risen by 5.5%. After further investigation, data showed that although the frequency of traveling to Ireland increased, the amount of time that a tourist was to stay in the country has decreased by 3.2%.
With tourism number usually around 12.5 million people over 3 months time, this 3% decrease has left only 11.64 million. 3pc can make a huge impact in total income, especially with the high number of visitors per year.
Tourism is a main form of income in Ireland, especially in the city of Dublin. With a significant decrease in the number of people spending in very tourist oriented areas, there may be a significant amount of competition.
This competition will occur all throughout the city, causing stores with similar products to decrease prices so that they can stand out from their competition. The problem with this tactic is the fact that price …