Oireachtas Joint and Select Committees
Tuesday, 30 June 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Hospitality Sector
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I welcome all of our guests. Many of the points that have been made in the submissions are similar to those we heard this morning from Mr. John Moran and his colleagues from SME Recovery Ireland. Businesses need liquidity, urgent grants and supports. More loans are not the solution and cash to support fixed costs is required.
Mr. Cribben made the obvious point that Covid-19 has had a catastrophic impact on the industry with job losses, revenue losses and a reduction in financial resources for businesses. Some of this may have been asked already but I would like to hear Mr. Cribben's views on the matter. When does he think we will have a full recovery in the tourism sector? During the last session, Mr. Cummins said that a five-year strategy is required. When does Mr. Cribben envisage a situation where the industry returns to pre-Covid levels?
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