Minister Bell Reveals Tourisms Expenditure and Income Over 5 Year Period
In Tynwald yesterday it was revealed by Economic Development Minister Alan Bell that the gross expenditure for the Tourism Division from January 2005 to December 2009 came in at just over £35 million.
Over the same period of time the Island had just over one and a half million visitors, bringing in well over half a billion pounds, meaning that for every pound spent by Government they made £15 back from the tourists.
A vast bulk of the money spent by Government went on advertising the Isle of Man as a visitor destination, with a major Television ad campaign, aswell as lots of exposure on TV shows.
TT continues to be a major source of income for the Island year on year, with more money invested in motorsports in general.
The Island’s also made a significant amount of revenue from conference hosting aswell as being a prime location for excursions by UK based clubs and associations.