1 in 3 single adults in Ireland are not interested in finding a new partner – Core’s Dating 2020 report

  • One in five 25-34 year olds have met their partner through apps and dating websites
  • Over half (55%) of Irish adults feel that dating apps have made people more shallow
  • Just under half of Irish adults admit they would look up someone’s social media in advance of going on a date with them
  • With a growing concern over data privacy, 1 in 3 say this is very important to them

e

1 in 3 single adults are not interested in finding a new partner, according to Core’s Dating 2020 report, compiled by Ireland’s largest marketing communications company. The number of single people in Ireland has increased to 1.2 million, with 34% of women and 28% men saying they are “not interested in meeting anyone at this time”, highlighting the changing dating landscape.

When it came to dating practices, interviewees tended to favour conventional methods over digital apps, with 43% of women hoping to meet prospective partners through a friend or family member, compared to 38% of men. The opinions of loved ones also carry a considerable amount of weight when it comes to finding a new partner, with 48% of women taking into consideration the views of family and friends.

That said, the rise in social media has provided a new avenue to dating, with one in five 25-34 year olds saying they met their partner through apps and dating websites, the highest of any cohort.

With online privacy a hot topic, 65% believe that people will focus more on their data privacy in 2020. However, only 30% say this is a trend that is very important to themselves personally, with older people most likely to be more cautious when it comes to sharing information. Despite these concerns, only 24% say it is personally important to them that people will reduce their social media use and the majority (69% of adults) believe people will not reduce their social media use in 2020. As dating apps require a certain level of personal information, people need to consider the trade-off between their privacy and giving away their data for the possibility of meeting someone new.

While online dating is considered to be inclusive, the research found that many believe it can have a negative effect on the dating world, with over half (55%) of Irish adults saying dating apps have made people more shallow. This was further highlighted by 42% saying they “would take into consideration what they have on social media,” with the same percentage saying they would take into consideration what their friends or family think.

Stephen Mooney, Research Executive at Core Research said: “Thirty years ago, the life plan for most involved marrying young, buying a house together and starting a family. Nowadays, the life plan for most isn’t as linear. Houses are less affordable, people are marrying later, if at all, and having kids isn’t a given. Singledom, and with that dating, should therefore be an important topic for brands to understand.”

“While, the conventional expectations of ”settling down,” may still exist, for many, this is a demand of the past, with single life being about enjoying life, dating and making individual and not joint decisions. It’s up to brands to acknowledge these changing life-stage expectations by facilitating people and encouraging them to move away from dating via their screens by hosting events or moments for people to connect with the people around them.”

Further interesting insights from the dating research include:

  • 26% of single men and single women believe dating apps are only for young people 
  • 50% of single men and 64% of single women believe self-fulfilment and learning about yourself is easier to do when single
  • 40% of single men and 38% of single women believe dating multiple people is fine once all parties involved are aware of it
  • 55% of single men and 69% of single women believe there are double standards when it comes to what is okay for men to do versus what is okay for women to do
  • 25% of single men and 12% of single women believe people should get married and have kids by a certain age

The research focuses on single men and women’s dating and relationship preferences and investigates whether these changing life expectations are having an impact on how and when we form relationships. Based on the views of 1,000 participants, which included 320 single people, the methodology focused on four key questions:

  1. How are people in relationships meeting?
  2. How do singles think they would meet someone in comparison to how they would prefer to meet someone?
  3. What are people’s attitudes towards the recent changes in the dating landscape?
  4. Are their influences in delaying traditional milestones? 

Core Research is part of Core. Core employs a team of 310 people and consists of nine practices – Creative, Data, Investment, Learning, Media (comprising of Mediaworks, Spark Foundry, Starcom and Zenith), Recruitment, Research, Sponsorship and Strategy. Core has been voted Agency Network of the Year for the last six years at the Media Awards and the company was also recently voted one of the top workplaces in Ireland by the Great Place to Work Institute for the tenth year running.

To view the full findings of the Core Dating 2020 report please click here:

Value of the 2019 Dublin Licensed Premises market increased dramatically, but volume of transactions remains below the 10 year average

  • Biggest factor of 2019 licensed premises market was dramatic increase in the volume of higher value, well-located prime Dublin pubs being sold
  • Rising insurance costs remain a cause for concern with pubs in Dublin experiencing an average increase of 50% over the past three years

The reduction in the overall volume of sales of licensed premises continued for the fifth consecutive year and points towards a stabilisation within the market, coupled with a reluctance of operators to offer performing assets for sale. That’s according to new figures released today by Lisney (incorporating Morrissey’s), Ireland’s largest independently-owned property advisory company.

Activity in the Dublin licensed premises market contracted slightly in 2019, with 16 transactions recorded compared to 17 in 2018, 31 in 2017 and 35 in 2016. The volume of sales also remained below the 10-year average of 23 units.

INCREASE IN HIGHER VALUE SALES

The defining characteristic of the 2019 licensed premises market was the dramatic increase in the volume of higher value, well-located prime Dublin pubs being sold. 37.5% of 2019 transactions accounted for sales exceeding €4m, as opposed to just 5.88% of the market in 2018. Activity within the €0m to €4m range accounted for almost two thirds of the market share, with five transactions completed in both the €0m to €2m and €2m to €4m categories.

By comparison, activity from 2010 to 2018 was primarily rooted in the €0m to €2m bracket, accounting for an average of 87.2% of sales.

INDUSTRY CONTINUES TO ADAPT

The manner in which licensed premises trade is evolving. Quality traditional style licensed premises that are well located within well populated urban districts continue to enjoy consumer support with volumes of business reported to be on the increase throughout the past three years.

New-breed innovative operators continue to drive the market by strengthening revenue streams through the blending of food, drink and entertainment.

Low alcohol by volume (ABV) and alcohol-free products have become one of the swiftest development sectors within the drinks market. Sales of low ABV and non-alcoholic beer increased by 60% in 2018 and continue to grow.

SECTOR CHALLENGES

Rising insurance costs have remained a cause for concern and independent research confirmed that pubs in Dublin faced an average increase of 50% over the past three years. The average insurance premium for pubs in the capital is now in the region of €25,000 per annum.

A VAT increase on food sales in Budget 2018 from 9% to 13.5% remains widely criticised by the industry. The impact of this increase has been more acutely felt by businesses in rural areas.

In addition, the cost for operators seeking to trade late has risen. Exemption costs now amount to a rate of €410 per application excluding legal costs and without factoring in extra staffing and entertainment costs. As a result, many businesses outside the prime city and tourist hotspots have pared back their later trading nights, or decided to revert to regular hours completely.

KEY DRIVERS ON DEMAND

The licensed trade has benefitted from the increase in disposable income and discretionary spending levels. As a result, the appeal of licensed premises within prime trading areas is set to continue, both in terms of profitability and funding. A return towards normalised lending to the sector, with an improvement in pillar lending has benefitted would-be purchasers. Alternative lenders have also begun targeting large towns and suburban areas, and are competing with pillar banks for key-trading area.

Lisney expects this increased lending to the sector to increase in 2020 which will further increase the number of funded operators actively seeking opportunities within the market.

Tony Morrissey, Lisney Director of Licence and Leisure, says:

“The outlook for the Dublin licensed premises market is positive in 2020, and similarly so with Galway, Cork and Kilkenny. Provincial towns and villages have not witnessed the same level of recovery and these businesses will continue to attract limited appeal. This is unfortunately likely to lead to more closure of non-viable premises.”

“Supply levels have been affected by operators opting to continue to trade as opposed to trading up, down or retiring. Under different market conditions, operators who may have retired in recent years have instead chosen to hold onto their assets due to the high growth of the past two to three years.

“We anticipate that these forecasts of more temperate growth could assist in improving supply as many of these operators may now give more serious consideration to retirement as the previous growth levels slacken. We therefore expect the principle driver behind supply will be retirement in the coming years. This will be positive news for those considering expansion who will welcome the anticipated improvement in supply to the market.”

  • Note to Editors: Please see a copy of the Morrissey’s-Lisney Licensed Premises Property Review 2019 and Outlook 2020 attached

Ion Solutions rebrands as CT Ireland

Ion Solutions, a leading provider of professional audio visual and broadcast technology systems in Ireland, has rebranded and will now be known as CT Ireland, part of the CT Europe & Middle East Group. CT operates 19 offices on three continents and is part of NEP Group, which has 4,000+ employees in 24 countries.

The rebranding follows the acquisition of Ion Solutions last year by Creative Technology Group (CT), the worldwide specialist in audio visual equipment and bespoke staging solutions.

Ion Solutions, now CT Ireland, is led by an extremely experienced local management team and employs 70+ full-time staff in two office locations in Sandyford, Dublin. The business specialises in the creative and technical delivery of indoor and outdoor live events, conferences and exhibitions, as well as the design, supply, installation and integration of audio-visual communications equipment, broadcast television systems, digital video production / computer graphics systems and digital signage solutions. Clients span a variety of sectors including broadcast, retail, healthcare, hospitality and educational facilities, as well as corporate venues.

Ion Solutions had worked with CT for many years on a number of projects in a host of geographical markets long before the company acquisition. Both company’s services complement the other’s and, together under one brand, they will become a 360-degree supplier to the Live Events market in Ireland, the UK, Europe and worldwide.

Today’s rebrand of Ion Solutions to CT Ireland relates to branding only and does not represent any structural or organisational changes. Clients however, will have access to even more robust AV resources, a deeper pool of skilled engineers and technicians, and a range of end-to-end solutions to support live events and broadcast productions in Ireland and on the world stage.

Dave Crump, President and CEO of CT Europe & Middle East, said:

“I’m excited that our clients in Ireland will share the same high-quality experience and superior service for all of their projects, no matter where they are. Our processes and services will be more seamless, from the initial sale to the delivery of solutions at the client’s event site. And, by continuing to support our clients with local teams and equipment in more places, we reduce our impact on the environment.”

“This change is in name only, with the same talented teams at CT Ireland running the business day-to-day,” said John Roche, CEO of CT Ireland. “That said, it’s still an important step in bringing our companies closer together so that we can continue to create innovative technology and amazing solutions for our clients.”

“CT, along with the other companies in the group’s Live Events operating segment, will support our business and provide access to a global pool of state-of-the-art assets and highly trained technical talent in Europe and around the world. Through this support, we will be in a position to provide our clients with additional services, and also work with clients right across the globe.”

To learn more about CT and their full range of live event solutions, visit www.ct-group.com

For more information about CT Ireland, visit www.ct-ireland.ie

Additional notes on Creative Technology:

Creative Technology (CT) is one of the world’s leading suppliers of specialist Audio Visual equipment to the broadcast, corporate, entertainment, and sports industries. Our bespoke events staging services bring together advice, support and equipment of the highest quality, providing everything from large screen displays to content delivery systems.

Creative Technology is a part of the NEP Worldwide Network.