Mr. Tim Fenn:

I will make two points in response to that. I have accepted there is a problem but I have not described the type of pricing set out by the Chair. My first point is that while we accept there is a problem, our job is to promote the trading environment so that new investment comes into place and increased supply ultimately deals with these issues. My second point is that competition law precludes the Irish Hotels Federation, as a trade association, from having any hand, act or part in setting or creating prices or doing anything about them. We are certainly able to bring the committee's message back to the industry to pass it on - that is what we have done time and again - but we can have no role in fixing or setting prices for our industry.