An analysis of the Government’s Covid-related Debt Warehousing programme from the perspective of the tourism sector.
➢ The Accommodation & Food Services sector's outstanding warehouse debt balance stood at over €265m as of January 2024.
➢ More than 900 businesses in the sector owed at least €50k. The majority (60%) of these owe €100k or more, while over 100 firms owed at least €500k.
➢ The announcement of new terms in February, (removal of interest rates and additional flexibility on repayments), were welcomed.
➢ However, concerns remain about additional strain this debt is having on the business.
See more detail in this report.