Chairperson of Visit Wexford Colm Neville believes that the recent Brexit decision is a source of huge concern for Wexford and the South East.
Exchange rates, economic uncertainty and the knock on effects of Brexit on the EU are three of the main concerns for Neville, who owns The Crown Bar, Riverside Park Hotel and the Portlaoise Heritage Hotel.
‘Possible recession in the British Economy would obviously affect the foreign travel choices of the British citizen and in turn potentially affect the number of British tourists coming to Ireland,’ he said.
‘There is nothing more disruptive and destabilising to markets and economics in general than uncertainty and the recent vote will have generated uncertainty in abundance. It’s impossible to know where this may lead and what the eventual ramifications it may have on the overall general Eurozone economy which is where our second biggest market comes from.’
According to Mr Neville, nobody can be certain what the outcome of Britain’s exit will be. He believes the most important thing to do is ‘stay calm’.
‘I believe that central Government should use the next couple of months as a cooling down period during which it should set up a dedicated taskforce of tourism industry and economic leaders with the express task of analysing the future and deciding how best to protect our tourism industry against the potential negative impact of Brexit,’ he said.
‘Losing our value for money is clearly one of our biggest threats and so we as an industry need to try and keep our costs of doing business under control and in turn remain price competitive.’
(First published in the Wexford People: print edition. Also available online at: http://www.wexfordpeople.ie/business/chairperson-of-visit-wexford-colm-neville-34870373.html)