Thursday, April 26, 2007

IRELAND'S ECONOMY RECEIVED
143 MILLION EURO BOOST FROM
2006 RYDER CUP HOSTING

The amount of money injected into the Irish economy by the 2006 Ryder Cup in Ireland reached a record €143 million, according to a new report by Deloitte & Touche, jointly commissioned by Ryder Cup Europe and Fáilte Ireland (The Irish Tourism Development Authority).
The Total Direct Economic Impact figure of €143 million exceeded pre-event predictions of €130 million and represented a significant 32% increase on the impact of the 2002 Ryder Cup in England and an 80% increase on that of the 1997 Ryder Cup in Spain.
The bulk of the impact came from event organisers and from spectators who each spent an average of €350 per day while at the 2006 Ryder Cup overseas spectators spent the most, at €526 per day.
In the corporate sector the average guest spent €500 each day, while those from the United States spent an average of €600 per day.
Deloittes point out in the report that total spectator spending was up 60% compared to The Belfry in 2002, mostly due to the increased week-long attendance of 260,000 in 2006 compared to 147,000 in 2002.
Ireland also benefited from a more than 50% increase in spending by spectators outside the event compared to 2002, with overseas spectators staying longer and spending more than ever before on extended holidays around The Ryder Cup.

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