Mr. Eoghan O'Mara Walsh:

The way I look at it is that it is more serious, since downstream tourism businesses will lose out on the tourism euro or dollar. We estimate that if the number of beds currently allocated to Government contracts continues to increase at the current rate, €1 billion could be lost by the industry. It will be a damaging year for the industry. Recovery will stall. We talked before at tourism recovery by 2026. We initially thought there would be a strong recovery in 2022 and then a linear recovery until 2026, when we would get back to where we were. Now we are talking about a strong recovery in 2022 and a dip in 2023. We do not know the extent or scale of that dip. There are certain Government actions like the VAT increase and a balanced plan for tourism accommodation that could be brought into effect to mitigate the difficulties next year to a certain extent.