But there have been problems - one of Homecoming Scotland's flagship events, the Clan Gathering in Edinburgh, lost its organisers money and had to be bailed out by the city council and the government.
A finale concert at the SECC in Glasgow has also been scaled down.
Philip Riddle, chief executive of tourism agency VisitScotland, recognised the problems, but told BBC Scotland that Homecoming had been a great success overall.
"The target of £44m, which is what was set for the £5.5m investment, is looking like it will be easily achieved," he said.
He said The Gathering, a weekend of celebration in Edinburgh's Holyrood Park attended by thousands of international visitors, was a "fantastically successful event" even though it lost £600,000 for its private backers.
"It was a risk but you have to admire the ambition," said Mr Riddle.
He added: "For every one of the 47,000 people who went, it was tremendous. For the public sector investment in it - which was £480,000 - we got a return of more than £10m."
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.