1. ITV Report

IoM visitor survey shows growth in local economy during TT Races

Photo: ITV Granada

This year's TT races were worth more than £37 million to the Isle of Man economy.

It's estimated over 44,000 people travelled to the island to watch the races - with over 16,000 of them visiting for the first time.

The main findings of the results were:

  • 44,367 visitors came for the TT in 2018 – a 1.5% decline compared to 2017 but a 4.6% increase compared to 2016.
  • On average, visitors stayed 6.7 nights on the Island in 2018 and spent £886 on the trip. Total expenditure of TT visitors in 2018 is an estimated £37.1 million. This represents a contribution to Manx National Income of £26.8 million and an Exchequer Benefit of £4.8 million.
  • The event attracted both new visitors as well as regular fans: 36.5% had not visited previously for the TT, while over 36% also visited for other motorsport events such as the Festival of Motorcycling and the Southern 100.
  • The number of visitors to the Island for TT peaked on Sunday 3rd June reaching 26,600.
  • 50 different countries of residence were recorded in the survey with the number of non-UK visitors increasing by almost 50% to an estimated 9,317. The majority (78.5%) were from the UK and Ireland with 21% from outside the UK.

The Department is already developing the 2019 event and we are confident that, on the back of the successful delivery of this year’s event, we will see further growth in the economic value of the TT as we continue to invest in and develop the events.

– Rob Callister MHK, Visit Isle of Man and Motorsport