Specific targets for growth in tourism have been set out in the Operational Programme for Tourism 1994-99, which envisages the achievement in 1999 of foreign exchange earnings of £2.25 billion and of 120,000 tourism job equivalents. These targets envisage average annual growth rates of 9 per cent and 5 per cent in foreign exchange and employment creation, respectively. The Operational Programme for Tourism also contains mid-term targets for the end of 1996. These envisage the achievement in 1996 of foreign exchange earnings of £1.8 billion and of 105,000 tourism job equivalents.
Provisional figures released recently by the Central Statistics Office indicate that foreign exchange earnings in 1995 rose by 12 per cent to £1.677 billion. Tourism related employment rose to 96,000 in 1994 and early estimates are that the figure may have exceeded 100,000 in 1995. While there are no statistics available as yet on visitor numbers this year, I understand from Bord Fáilte that the level of inquiries received to date is encouraging and there is confidence that the mid-term targets will be reached. In the light of the success achieved in recent years and the prospects for the year ahead every effort is being made to ensure that the tourism sector continues to expand and develop. As the House will already be aware, priorities for Irish tourism are set out in the operational programme which provides for a total investment of £125 million in marketing, £110 million in training, and £287 million in product development, over the life of the programme.