Web Summit to bring in over €100m to Irish economy
The Web Summit, which kicks off in Dublin’s RDS this morning and runs until Thursday, will be worth €102m to the Irish economy, according to Failte Ireland figures.
John Concannon, director of market development at Failté Ireland stressed the importance of the event over and above the immediate economic value. “It presents Ireland as an innovative and creative place to visit and do business. The press it brings is unparalleled.”
This year’s event will host nearly 22,000 attendees from 109 countries, as well as more than 2,000 start-ups exhibiting, 700 investors and 1,300 journalists reporting
Some 86pc of those attending are travelling from overseas and 13,000 hotel rooms and B&Bs have been booked. The event will involve the use of 87 venues across the city.
This year, the event will include nine stages and one cinema, with centre stage holding 4,500 people. Speakers will include Peter Thiel, the founder of Paypal and the first investor in Facebook; Drew Houston, the founder and CEO of Dropbox; and actress and entrepreneur Eva Longoria. Highlights will include the Nasdaq being opened for the second consecutive year on centre stage by Taoiseach Enda Kenny and Paddy Cosgrave, founder of Web Summit.
According to the organisers, the Food Summit, which is being run with Good Food Ireland, will feed 50,500 people over the three days with 432,000 tastings of Irish meat and 480,000 grams of Irish dairy desserts being used. In addition, 82,000 cups of coffee will be served.
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