Deloitte report highlights importance of tourism to the UK economy
Tourism: jobs and growth. The economic contribution of the tourism economy, November 2013
A new report by Deloitte has revealed that the economic contribution of the tourism economy to the UK is £126.9 billion in 2013, or 9.0 per cent of total GDP.
The study, commissioned by VisitBritain, illustrates the vital role that tourism plays in the UK and quantifies the direct and indirect impacts on tourism (from sectors directly related to tourism and from other sectors that rely on tourism through the supply chain). It also quantifies the contribution under a broader definition which includes the induced effects of employee spending.
This report also considers some further analysis of the sector including the recent performance of the industry relative to the rest of the economy, ‘tourism multipliers’, spending required for job creation, and broader contributions to the UK through taxation on tourism services.
Finally, this report highlights future opportunities and challenges facing the industry over the next decade and identifies key leverage points.