€6m development announced for Castletroy Park Hotel in Limerick

first_imgLinkedin News€6m development announced for Castletroy Park Hotel in LimerickBy Staff Reporter – May 29, 2017 1583 TAGScastletroy park hotelfeaturedlimerickMichael NoonanPat McDonagh Pat McDonagh and Minister Michael Noonan in Limerick this Monday Pat McDonagh and Minister Michael Noonan in Limerick this MondayTHE Castletroy Park Hotel is to undergo a major new development as it embarks on €6m expansion plan over the next 18 months.Supermacs and Só Hotels owner Pat McDonagh, made the announcement this Monday in a plan that will see the size of the hotel increase by almost 50 per cent above its existing 107 bedrooms and executive suites.The expansion will also see a new state of the art fitness and leisure facility and a corporate business hub developed. Minister for Finance, Michael Noonan, TD was in Limerick this Monday to announce the plans with Mr McDonagh.Sign up for the weekly Limerick Post newsletter Sign Up The development will see €6million invested in the Limerick economy over the next 18 months and 110 jobs will be supported during the construction phase of the project. An additional 40 permanent jobs will be created in the Hotel itself. The project will generate an estimated €30million in the Limerick economy over the next 10 years.Speaking of the city as a location for business Mr McDonagh said that few places in the country come near Limerick in terms of what it offers the corporate, leisure and sports tourism sectors.“A recent study indicated that Limerick has overtaken Dublin in terms of job vacancy rate. The region is now a business hot spot and the physical infrastructure around the city is changing dramatically. There is a significant motorway network feeding the city plus an international airport in Shannon on our doorstep,” Mr McDonagh said.The Castletroy Park Hotel which was originally founded by Chuck Feeney the noted American philanthropist, was envisioned from the very outset as a top-rated facility complementing the status of the University of Limerick status and he is committed to continuing to deliver on that vision”, he added.Mr McDonagh, who is a graduate of Mary Immaculate College, described Limerick as the Irish ‘capital of education’. He said this investment is a vote of confidence in Limerick and he said he is hugely impressed with the success of the city in attracting national and international business investment as well as the progressive steps being taken to address lifestyle, amenity and urban development.The Galway native praised the University of Limerick which he said has grown from 100 students 40 years ago to being currently one of the biggest and most enterprising Irish universities.  He said the recent appointment of Professor Des Fitzgerald as UL President is testimony to the ability of the institution to attract the best and brightest to Limerick.Mr McDonagh said that developments at Mary Immaculate College and Limerick Institute of Technology have paralleled the pace of development at UL and he said the student population of the city is now on a par with the total population of most Irish county towns. Mr. McDonagh went on to say that Limerick is now reaping the rewards of its reform of administration into one single city and county municipal authority. “I believe that the reformed council, under its CEO Conn Murray, will lead Limerick to a prime place among international city’s,” he said.Minister Noonan said that this development was a huge vote of confidence in the Ireland’s third city and one that will compliment but the hotel and the surrounding infrastructure that will benefit from it.An application seeking planning permission for the development will be lodged with Limerick City and County Council this week. Previous articleN18 set to reopen following crashNext articleCouncil needs plan to tackle a knotty problem Staff Reporterhttp://www.limerickpost.ie Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Twitter Advertisement Emailcenter_img WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live Facebook WhatsApp Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Aviation industry sees setback in recovery amid PSBB, public fears

first_imgIndonesia’s air passenger and traffic rebound saw a setback in September amid the government’s large-scale social restrictions (PSBB) and low public confidence to fly during the COVID-19 pandemic, the country’s aviation industry players have said.State-owned airport operator Angkasa Pura (AP) II recorded a 2.6 percent decline in passenger movements at the 19 airports it manages during the first two weeks of September compared to the same period in August. That follows a strong rebound between June and July.AP II president director Muhammad Awaludin said on Sept. 17 that the PSBB policy in various regions continued to affect the aviation industry despite efforts by airport operators to reassure passengers by implementing strict health protocol. In response to the continuous rise in COVID-19 cases, which reached 240,600 on Sunday, The Jakarta administration has reimposed the PSBB in the capital in a measure that took effect on Sept. 14.“We understand that there are effects of the PSBB policy on the aviation industry. We initially saw a strong rebound between May and August, but the growth rate started to flatten since August,” Awaluddin said during an online discussion held by the Indonesian National Air Carriers Association (INACA).AP II data show that monthly passenger movement surged 466 percent month-to-month (mtm) in June, as the government lifted the Idul Fitri mudik (exodus) travel ban that had led to a sharp drop in air passengers in May. The uptrend continued in July with 135 percent mtm growth.However, the passenger growth rate slowed to 35.5 percent mtm in August, before contracting in the first two weeks of September. Read also: AP II pins hope on domestic market, expects faster recoveryThe continuous rise of COVID-19 cases in Indonesia has depressed the aviation sector, as people cancel travel plans amid restrictions and border closures.The International Air Transport Association (IATA) expects the global number of air passengers to drop 55 percent year-on-year (yoy) in 2020. That figure marks a downward revision from an April forecast of a 46 percent decrease yoy in air passengers this year.The IATA also now expects a full recovery of global air passenger traffic only by 2024, a year later than its initial estimate, given slow virus containment in developing economies, among others.Fellow state-owned airport operator Angkasa Pura (AP) I president director Faik Fahmi said air traffic at the 15 airports under its management in early September was also lower than expected, at 47 percent of the normal rate, while the passenger movements figure was 28 percent of the pre-pandemic level.“[The air traffic] and passenger numbers are below our expectations as the public’s confidence in using air transportation remains low,” he said at the same event. “We need a great communication strategy to rebuild public confidence.”Transportation Minister Budi Karya Sumadi, speaking at the same discussion, urged the aviation industry to use alternative ways to promote air travel, such as online influencers to revive public confidence and boost passenger numbers.“We have to allocate funds and efforts to promote [the aviation industry’s] safety measures using new ways, such as ‘endorsers’. Airports have implemented strict health protocol, but currently not everyone is convinced,” he said.The ministry’s air transportation director general, Novie Riyanto, echoed the minister’s statement, saying the industry needed to do more to convince the public regarding the safety of air travel, as both the airlines and the government had implemented strict health safety standards.A survey released by AP I in July found that 84 percent of 500 respondents were erring on the side of caution and taking a “wait and see” approach toward embarking on air travel due to the perceived risk of COVID-19 transmission during flights.In addition to the fear of COVID-19 transmission, the high cost of rapid and polymerase chain reaction (PCR) tests, a requirement for air travel, also dampened people’s interest in flying. As many as 78 percent of the survey respondents said they hoped air travel costs would come down.center_img Topics :last_img read more