Conferences worth €37m to economy

International conferences hosted in Ireland over the first six months of the year are expected to have a €37m impact on the Irish economy, according to Fáilte Ireland.

A total of 114 international business events are taking place in Ireland in the first six months of the year, bringing a total of approximately 31,000 delegates with an overall estimated economic impact of €37m.

And businesses in the Republic of Ireland, and in particular those in the hospitality sector in the border counties, will share in approximately €2.5m in new business in just over two days of the upcoming G8 Summit, according to a new study published by Barclays, and carried out by the University of Ulster.