Oireachtas Joint and Select Committees

Wednesday, 24 September 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

Competitiveness and the Cost of Doing Business in Ireland: Discussion (Resumed)

2:00 am

Mr. Ciarán Nugent:

I will mention a study by Michael Taft which SIPTU published recently. It shows profitability in the sectors remains high and even increased over the past five or six years. There was about a 10% increase in accommodation and food and employment between 2019 and 2023 - it levelled off in the past few years, but at the same time, three years ago, when we were coming out of lockdown, it was the same narrative about costs and everything like that but the sector continued to grow. We are now reacting again to this messaging. All the data says the opposite - the sector is doing quite well and-----

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