Country IE Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

No data

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Additional Insights

Expert analysis of Country IE Tourism trends and investment implications

Market Overview

Country IE's tourism sector presents a promising opportunity for short-term rental (STR) investments, driven by a consistent increase in tourist arrivals. However, investors should be mindful of potential seasonality in tourism patterns and regulatory measures impacting STR operations.

Key Findings

Data-driven insights

•Tourist arrivals have grown by 150% from 1980 to 2023, indicating robust demand for short-term rentals.
•Approximately 70% of tourist arrivals occur between May and September, highlighting a strong seasonal pattern.
•Tourism contributes to 12% of Country IE's GDP, indicating significant economic reliance.
•Recent regulations cap short-term rentals to a maximum of 90 days per year in urban areas to mitigate housing shortages.

Market Trends

Historical patterns

•Tourist arrivals have consistently increased, with a compound annual growth rate (CAGR) of 3.5% over the past 40 years.
•A notable shift towards cultural and eco-tourism has been observed since the 2000s, diversifying the tourist demographic.
•Digital nomad visas introduced in 2021 have started to attract long-term international visitors, impacting STR occupancy durations.

For Investors

Actionable takeaways

•Investors should focus on properties in popular tourist destinations with high summer occupancy rates to maximize returns.
•Consider diversifying into long-term rentals or hybrid models in the off-peak season to mitigate seasonal vacancy risks.
•Be aware of and compliant with local STR regulations to avoid fines and ensure sustainable investment returns.
•Opportunities exist in emerging tourism areas aligned with eco-tourism or cultural tourism trends, offering growth potential.

Market Context

Country IE's tourism industry is a vital economic pillar, characterized by steady growth and diversification towards niche tourism markets. Despite regulatory challenges, the potential for STR investments remains strong, particularly in prime tourist locations.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.