Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Hospitality Sector

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

I will move on to the issue of insurance. All of the industry members the witnesses represent have had three months where there has been no activity. Footfall through the premises for the overall 12 months is going to be at most only 60% of what it would normally be. I had a conference call with some of the members of the Irish Hotels Federation in Cork two or three weeks ago. This was one of the issues that came up. In respect of the engagement with the insurance industry, what has the response been? Hotels have now been closed for three or four months. Surely there should be a reduction in insurance accordingly. One of the witnesses might give us an idea of the insurance cost per annum on, say, a 100-bed hotel.

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