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Last Updated: Friday, 26 October 2007, 17:50 GMT 18:50 UK
Record TT revenue boosts economy
Riders on the TT course during Thursday's practice sessions
Visitors to the TT races boosted the Manx economy by 48m
The Isle of Man's centenary TT festival is estimated to have contributed about 48m to the island's economy.

Figures released by the Department of Tourism and Leisure revealed the 60,000 people who attended this year's races each spent an estimated 800.

Research also showed that 13,800 people who attended the races - 23% - were first time visitors to the island.

This year's success has led to an increase in early bookings for the 2008 races, a government spokesman said.

'Record revenue'

"This years' Centenary TT races delivered record revenue to the Isle of Man economy, outstripping even the most optimistic pre-event predictions," the spokesman added.

Statistics revealed that 82% of the visitors were male with 74% under 50 and 20% under 35.

The findings also showed that for many visitors riding the course was the favourite part of the event, with 90% claiming this was their highlight.

The overall TT experience was rated "good" or "excellent" by 87% of fans, with over 80% of the 60,000 saying they definitely planned to visit again.

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