Hospitality sector in Belfast city centre is almost entirely priced for the tourist market now. International tourism is strong, and domestic tourism is through the roof since the pandemic.
The city centre is quite small, and, due to obvious historical reasons, few non-locals venture far from the middle of town. So this funnels all those visitors towards a relatively small number of businesses, who in turn can charge almost whatever they want.
They'll say it's the cost of fuel, food, wages, tax, etc. But it's really just a scarcity problem.
The city centre is quite small, and, due to obvious historical reasons, few non-locals venture far from the middle of town. So this funnels all those visitors towards a relatively small number of businesses, who in turn can charge almost whatever they want.
They'll say it's the cost of fuel, food, wages, tax, etc. But it's really just a scarcity problem.