Hotels will need to innovate to keep turnover and activity levels at their properties up during this pandemic. Venues may potentially offer a wedding celebration over two days, with the first day for immediate family and the second a barbeque-style event for friends. As the saying goes, “a wedding well-run will sell the next wedding”, so impressing attendees is an important lead generation for hotels.
Likewise, we can expect to see partnerships between function hotels and resort hotels to offer deals on honeymoon stays as part of a single package that may result in higher levels of business for both properties. The average saving of €1,000 from the potential VAT reduction could be put towards that honeymoon stay or second-day celebration.
Our dedicated Hotel, Tourism and Leisure (HTL) team has vast experience providing a wide range of planning, operational and taxation advice and support to hospitality businesses. If you need support in devising the appropriate strategy for your business, please contact Aiden Murphy or a member of our HTL team.