Opening Bell: Publicans insurance hikes, Oneview jobs creation, tourism sector remains confident

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Publicans have seen 20% increases in the cost of their insurance over the past two years, according to a new survey from the Licensed Vintners Association (LVA).

The survey of its 550 members, representing the majority of Dublin pubs, found that insurance climbed by an average of 20% between 2014 and 2015, and by the same amount again between 2015 and 2016.

The LVA is now calling on the Government to urgently conduct an independent review of the business insurance market.

LVA chief executive Donall O'Keeffe told the Irish Independent:

"Insurance costs for Dublin publicans are a very serious expense, typically ranging from €15,000 to €25,000 per annum.

"However, many larger LVA members, especially in the late bar scene, are facing premiums of €50,000 to €100,000 per annum."

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100 new jobs are to be created by an Irish healthcare company.

Half of the new positions at Oneview Healthcare will be based in Dublin and the other half across the company's international offices.

Mark McCluskey, President of Oneview Healthcare, says the company is expanding into a different market.

We're already in the hospital market and we're now moving into the senior living market. So the jobs in Dublin will be primarily in development and solution consultants.

And then the jobs over in the United States and Australia, where we've one deal in both countries, will be for sales and also system integration and solution consultants.

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Ireland looks set to weather the Brexit storm this year, but the outlook for 2017 is much more uncertain.

That's according to IBEC's latest Quarterly Economic Outlook, published today.

The Irish business group has warned that currency fluctuations are heaping pressure on exporters.

IBEC's Director of Policy, Fergal O'Brien, commented:

"With the 15% swing in exchange rates now with the weaker sterling, I think are exports are going to struggle quite significantly in the second half of the year.

"And we really feel it's the regions that are going to feel that slowdown more.

"They're much more exposed to the type of sectors that will be impacted by weak exports to the UK, so the food industry, traditional manufacturing, engineering..."
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A survey by Fáilte Ireland shows the fallout from Brexit and rising operating costs appear to be some of the main concerns facing the tourism sector in Ireland.

However, the study also shows 84% of hotels and 76% of guest houses reported an increase in business this summer, compared to the same time last year.

It's Autumn Tourism Barometer found general sentiment in the industry at the highest levels in years, with 72% of businesses positive about the outlook for the sector.

Alex Connolly, Head of Communications with Fáilte Ireland, says despite the concerns around the Brexit vote, the sector is in a positive frame of mind:

"Most businesses are confident about the months and years ahead. I think if there's any uncertainty or any concerns, it probably would be about the UK market.

"But again, within the industry, there seems to be some confidence that further growth in the US and from Europe will more than compensate for any possible softness in the UK market.