GlobalData Forecasts Slowdown in Growth of International Arrivals to Ireland

According to GlobalData, a data and analytics company, Ireland is experiencing a slowdown in the growth of international arrivals.

The Compound Annual Growth Rates (CAGR) of international arrivals is nearly half the rate of previous years, going from 8.1% between 2014 and 2018, to a forecast 3.8% for between 2018 and 2023.

The company’s latest report ‘Tourism Destination Market Insights: UK & Ireland - Analysis of destination markets, infrastructure and attractions, and risks and opportunities’, includes an analysis of source markets, infrastructure and attractions, and assesses the risks and opportunities for the UK & Ireland as destination markets.

Johanna Bonhill-Smith, Associate Analyst for Travel and Tourism at GlobalData, said, “Ireland received around 9.3 million international arrivals in 2018 and an increase of 3.9% is forecast for 2019; meaning around 9.7 million international travelers will visit Ireland. Despite this growth, 2017 to 2018 held a yearly difference of 7%, nearly double the amount for the increase this year.”

The UK holds the top position for international arrivals presently, due to accessibility, affordability and convenience in travel to Ireland. However, due to ongoing negotiations and uncertainty caused by Brexit, GlobalData says that traveler flows have decreased 4% from 6.8% in 2017 to 2018, to 1.7% from 2018 to 2019.

European source markets accounted for 76% of total international arrivals to Ireland in 2018 with countries such as Germany, France, Italy and Spain taking the lead.

“Despite overall slowdown with international arrivals, Canada forecasts as a promising source market for Ireland. Due to cultural similarities, the emergence of new flight routes followed by an increase in promotional campaigns to this North American destination, Canadian travelers are expected to grow by 7% from 2018 to 2019, further highlighting opportunities for growth within Ireland’s source markets,” added Bonhill-Smith.

See also: Ireland Secure Place on HSBC World Rugby Sevens Series 2020.

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