The first of the nationwide events as part of the National Homecoming Festival is launched in Waterford.

The sail training vessel, the Asgard, was in Waterford to mark the launch of the National Homecoming Festival which runs for 10 days in Waterford city. Around the country, there are 130 events taking place across every county.

Waterford invites one and all

Bord Fáilte and the Northern Ireland Tourism Board have pooled their resources in a joint tourism promotion for the entire island of Ireland.

It is expected that the festival will bring in around ten thousand extra visitors generating around £5 million. The venture has been funded by a £300,000 grant from the International Fund for Ireland.

In Waterford, the festival flag was presented to the city and will fly during the 10 days of special cultural and sporting events.

Pat Hayes, Chairman of the Waterford Festival Committee, believes that the festival will bring a much needed buzz to the city. Waterford TD and Minister of State for Tourism, Transport and Communications, Brendan Kenneally, is optimistic that the tourism industry would reach its long term targets of four million visitors a year.

An RTÉ News report broadcast on 28 August 1992. The reporter is Michael Ryan.