Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

New study: Job creation at stake as hospitality sector adapts to austerity

Posted by fidest press agency su domenica, 15 settembre 2013

English: Various Euro bills.

English: Various Euro bills. (Photo credit: Wikipedia)

Bruxelles Tuesday 17 September in the European Parliament (18.30 – 20.30) A new study shows the critical role the hospitality sector plays in creating jobs and fighting unemployment across Europe at a time of austerity. The 300-page study by Ernst & Young, backed by the industry association HOTREC and The Brewers of Europe, shows that the hospitality sector provided 29% more jobs in 2010 than in 2000, whereas in the wider economy in the same period, the total number of jobs increased by just 7% At a time of austerity, governments are tempted to raise revenue by boosting taxes both in hospitality and in sectors whose health is closely tied with the health of the hospitality sector, such as brewing. Such a move can strike a heavy blow to a crucially important job creator. For example, beer creates 2 million jobs in the EU, with the vast majority of these being created in the bars and restaurants across Europe. Misguided government policies could thus deepen the crisis for Europe’s youth, whose jobless rates are typically double the average, topping 50% in Spain and Greece.

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