The Government could consider waiving local authority rates for hospitality businesses in areas where there is a shortage of tourist accommodation.
Minister for Tourism Catherine Martin has indicated that a pausing of rates along with targeted financial supports might be needed in towns where most hotels are accommodating people seeking asylum.
Fáilte Ireland is now compiling information on the challenges facing businesses reliant on tourism.
This includes businesses such as restaurants, visitor attractions and amusement parks.
Minister Martin has already flagged concerns to her colleagues in the Cabinet and she has promised to bring proposals to the Government within weeks if the Fáilte Ireland research finds it is needed.
The Department of Enterprise, Trade and Employment would also have a role in drafting any proposals for Cabinet.
The Government has already committed to waiving the annual €125 per table licence fee for street furniture outside restaurants and bars where food is sold.
However, Adrian Cummins of the Restaurants Association of Ireland has called on the Government to immediately consult with his members.
He said trade is plummeting in towns where there will be only limited accommodation available for tourists this summer.
The association wants local authority rates waived and a scheme introduced to make up any shortfall in trade, when compared to last summer's figures.
However, senior figures in the Government are said to be cautious about opening up any new funding initiatives this side of the budget.
There is a view that such measures would have to be found from existing funds.
