A MUSEUM housing a permanent Titanic exhibition in Belfast, where the ship was built, is the most popular tourist attraction in Northern Ireland.
Fiona Ure of Belfast Visitor Bureau said: "Certainly the museum is one of our most popular attractions. It draws in visitors from all over the world.
"This news from Southampton doesn't surprise us - there is a huge amount of interest surrounding Titanic. There is definitely a wide audience out there."
Alan Gallop, communications manager at Tourism South East, believes plans for a Titanic museum in Southampton have more than enough Wow factor.
He said: "I think it's a superb idea.
"Southampton and all of this part of the country has a strong maritime heritage. It's very important that we acknowledge that.
"Personally, I think Southampton already has plenty of Wow factor but this would be 'double wow'. It would be a great success because it is suitable for people coming at any time of the year. It would be wonderful for Southampton."
Neither the £5m price tag nor the predicted figure of 100,000 visitors each year surprised Mr Gallop.
The most popular paid-for visitor attractions in the area include Paultons Park, netting 550,000 visitors each year, and Royal Victoria County Park in Netley Abbey, which attracts 380,000 visitors annually.
"I think a Titanic museum would be on a par with these attractions," said Mr Gallop.
"There is no reason why it couldn't feature in the top ten tourist attractions in the south-east within the first year.
"£5m is a large sum of money.
"I think it can be justified, though, and the outcome would be worthwhile in terms of bringing tourists to the area."
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