According to the Association of Irish Professional Conference Organisers (AIPCO), members experienced a three-fold increase in the value that their business brings to the Irish economy, with a forecast that 70,000 foreign travellers will visit Ireland in 2012.
In the last three years the number of delegates visiting Ireland has grown 318%.
Jean Evans, AIPCO’s chair, said: "Ireland has positioned itself as a haven for business tourism, with every effort made to make it easy to do business here.
"The concerted efforts being made by all stakeholders in the sector is really paying off in terms of of what value we bring to the table. We sometimes forget that we are not only facilitating business meetings, we are creating jobs and value to the Irish economy."