Things to do while traveling around Ireland:

Take a Trip to Ireland on the Cheap

Once referred to as the Celtic Tiger because of its repaid growth, the economy of Ireland has seen better days. An astonishing decline led to a contraction of 14 percent in real GDP last year. Nearly every sector of the economy was affected. In this article we are going to discuss the travel industry.

Unlike other sectors of the economy, the travel industry depends primarily on the economies of foreign nations. For example, guests from the UK are Ireland's most frequent and reliable visitors. Unfortunately, the UK was mired in a deep recession for nearly eighteen months, far longer than most European nations.

As you might expect, the UK recession had a dramatic effect on the tourism industry in the Emerald Isle. In 2009, arrivals from the UK fell by 13 percent. And in the first half of 2010, arrivals from the UK declined by 21 percent. Even Ireland Golf Holidays are stuck in the sand trap.

Altogether, Irish travel revenues were off by about ten percent last year. Not surprisingly, hotels and the famous Irish B & B's have had to cut their room rates by up to fifteen percent. Rates are particularly attractive in the large cities where occupancy rates are approaching a ten-year low.

The one bright spot is the rapid decline of the euro and the rise of the pound. As a result, residents of the UK are receiving favourable exchange rates, which means that travel to Ireland has never been cheaper.

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