Minister for Finance and Public Expenditure Paschal Donohoe has said €40 million would be allocated for tourism specific initiatives.
The Minister told the Dáil that the Government would continue to support the sector in the event of a no-deal Brexit.
He said the Government would also continue to promote and strengthen Ireland's position internationally.
As part of the Brexit strategy, the minister said the Government aims to double Ireland’s global footprint by exploring new markets for businesses and by promoting Ireland’s international profile through the Global Ireland 2025 strategy.
The Restaurants Association of Ireland has hit out at the lack of change to the Tourism VAT rate in the Budget.
The associations chief executive Adrian Cummins said the writing is on the wall for the tourism sector and support was needed to lower the cost of doing business.
The Irish Tourism Industry Confederation have expressed disappointment with the Budget, and described it as a "missed opportunity".
Their CEO Eoghan O'Mara Walsh said there were very few competitive measures for Irish tourism businesses.
He said they asked for the VAT rate to be reviewed to be in line with the rest of Europe, and for an increase in overseas marketing funds, neither of which they got.
He said he welcomed the €40m package in the event of a no-deal Brexit, but added that a no-deal will cost Irish tourism €390m.
