Industry revenue of accommodation and food service activities in Ireland 2011-2023
The Irish hospitality industry has been among the first to emerge strong from the economic crisis, now playing a pivotal role in both revenue generation and job creation. Dublin is at the center-stage of this development with not only leading domestic hotel brands such as Dalata and Tetrarch making robust investments but also international brands such as Aloft, Sheraton and Holiday Inn. Consequently, the Irish accommodation and foodservice industry is expected to witness steady revenue growth over 2018-2023, increasing from over 13.7 billion U.S. dollars in 2018 to around 15.7 billion in 2023.
Food and beverage is the dominant sub-category
It isn’t long since Ireland’s food & beverage industry was widely regarded as a sunset sector with not much scope for growth. However, it has emerged as one of the hottest growth contributors to the economy with revenues poised to increase from 9.4 billion U.S. dollars in 2018 to over 10.5 billion in 2023. Limited service restaurants including QSR, fast casual and food-to-go is now the highest consumer spending category in the country. Strong exports, especially of dairy ingredients, beef and lamb, are yet another positive in the industry.
Food and beverage is the dominant sub-category
It isn’t long since Ireland’s food & beverage industry was widely regarded as a sunset sector with not much scope for growth. However, it has emerged as one of the hottest growth contributors to the economy with revenues poised to increase from 9.4 billion U.S. dollars in 2018 to over 10.5 billion in 2023. Limited service restaurants including QSR, fast casual and food-to-go is now the highest consumer spending category in the country. Strong exports, especially of dairy ingredients, beef and lamb, are yet another positive in the industry.
