Mr. Cian ? Lion?in:

The challenge is that the Department has no regulatory or other function in regard to car rental. From the bit of research we have conducted, it seems the car rental stock in 2022 is 40% of what it was in 2019, so there is that direct challenge between supply and demand. Much of what we can do relates to maintaining the solidarity built earlier during Covid throughout the tourism and hospitality sector, being mindful of the support the Government has given and asking for reciprocity to maintain a sustainable, long-term tourism product. It seems to us there are no immediate quick fixes specifically regarding car rental. Much of it relates to global supply and a lack of cars in the wider pipeline. In a way, had our tourism recovery not been so strong, this would not have been such an issue, but we have 40% of the previous car stock and we might have 70% of the tourists, so there is an immediate mismatch. I suppose it falls into the category of good problems. We would rather not have the problem, but it points to a very strongly performing tourism sector.