Waterford's business and tourism leaders have demanded "fair pricing" in the city during the Tall Ships Races this summer, The Irish Times reports.

Reports have circulated that local hotels and other businesses were planning to raise their prices for the half-million visitors expected to descend upon the south coast city at the end of June.

But Fáilte Ireland, Waterford Chamber of Commerce and Mayor Mary Roche are backing a fair-price initiative, urging the city's many shops, cafes, restaurants, bars and tourist attractions to offer value for money.

Mayor Roche said the hosting of the Tall Ships Races was "a priceless opportunity" to showcase Waterford on an international stage.

The Irish Times has more on the story HERE.