The hotelier and founder of Supermacs has been among many in the sector campaigning for a lower VAT rate.
The lowering of the VAT rate is a 'fantastic result' for the hospitality sector, according to hotelier and fast food chain owner, Pat McDonagh.
Fianna Fáil and Fine Gael have agreed to decrease the rate back to 9% after this year's budget.
It's a measure many in the sector have been calling for since the rate was increased to 13.5% following the pandemic.
The Supermac's founder and the owner of the Killeshin and Athlone Springs hotels says a combination of rising costs is creating the problem for the sector:
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