Cafés/bars see 5% value growth in 2017
Most visitors to Ireland still came from the UK and US as favourable exchange rates continued to attract arrivals from these key source markets according to an updated report on cafés/bars in Ireland from Euromonitor International. Domestic consumption also supported sales growth in 2017 in tandem with Ireland’s enjoying a strong economic growth between 2015 and 2017.
Increased disposable income has seen Irish consumers return in high numbers to eating and drinking away from home. And coupled with projected tourism growth, the category is set to remain vibrant over the forecast period, according to Euromonitor.
Last year trade research found, for the first time, that food was approaching 50% of all sales in Ireland’s pubs. Food’s share of revenue in pubs is expected to increase in the forecast period.
