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Titanic gain for Belfast

Nearly 100 years after it sank, interest in the Titanic continues to prove lucrative for Belfast.

So much so that Belfast City Council has once again agreed to run two Titanic-related festivals in 2010, giving the go-ahead at the January meeting of the full Belfast City Council.

Last year the Titanic Made in Belfast festival attracted over 32,000 visitors. The event is again expected to take place in April.

And the Belfast Titanic Maritime Festival has seen similar success, drawing crowds in excess of 50,000 over the three years it has taken place.

The maritime festival, which is expected to take place in August this year, has also generated around £600,000 for the local economy.

Although the combined cost of hosting the two events this year is predicted to be around £400,000, it is expected the total economic return would be in the region of £1.8 million, equating to £4.50 for every £1 invested by the council.

The council agreed the events will take place subject to the department’s revenue estimates for 2010/2011 being agreed.

Belfast Telegraph