News and Press

Euro-sterling parity could cost Irish businesses tens of millions as shoppers cross the border for cheaper alcohol products

Posted on 09 October 2017
*Recent CSO report implicates cross-border shopping in decline in state revenue take: Drinks Industry Group of Ireland says action must be taken to safeguard drinks and hospitality industry* *Brexit-induced cross-border shopping surge and British tourism contraction alone could cost...
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Ireland’s drinks industry recommends five-point Brexit plan to Government, including establishment of ‘regional Brexit hubs’

Posted on 25 September 2017
*6.2 percent decline in British tourism in 2017 and rise in cross-border shopping could cost economy €130 million before the end of the year;* *New Drinks Industry Group of Ireland (DIGI) report says that continued sterling slump, combined with...
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Nearly half of Irish pubs and restaurants report a decline in tourists over the past 12 months, survey finds

Posted on 22 September 2017
*New survey, conducted among 660 pubs and restaurants in Ireland on behalf of the Drinks Industry Group of Ireland (DIGI), found that 75% are worried about Brexit and fear it will impact consumer spending* *71% of business owners...
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Drop in UK tourism post-Brexit could see Irish economy lose out on almost €70 million this year

Posted on 07 September 2017
*New report authored by DCU economist Anthony Foley shows the pub and pub culture are vital to Ireland’s tourism product—but fewer visitors from the UK will hamper growth;* *80 percent of all visitors to Ireland said the Irish pub...
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Government target of 50,000 new tourism jobs threatened by dramatic collapse in sterling – Drinks Industry Group of Ireland

Posted on 28 August 2017
*Tourism numbers from Britain down 6.5% in 2017 when compared to last year* *Morgan Stanley warns that sterling/euro will reach parity by end of this year* *Spectre of cross-border shopping now re-emerging* *Drinks Industry Group of Ireland calls for...
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Drinks industry: Government must protect Ireland’s hospitality sector with a ‘Brexit Budget’

Posted on 28 June 2017
*Ireland’s hospitality sector supports almost 210,000 jobs, yet decrease in British trade and tourism puts it at risk, particularly in rural parts of country;* *We require a Brexit Budget to innovate and stimulate consumer spending and economic growth;* *DIGI...
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