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The Scale of the UK Travel and Tourism Industry
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The Scale of the UK Travel and Tourism Industry The Travel and Tourism is industry is a multi-billion pound industry. It has a major impact on the economy in terms of the amount of people spend and the employment it generates. Revenue The British Tourism Authority and English Tourism Council estimate that the UK Travel and Tourism Industry made over £61,201 billion. This statistic suggests that the industry is the fourth largest earner of foreign exchange. The table below shows UK spending by tourists. Trips (millions) Spending (£m) UK Residents 122.3 £14,030 Overseas Residents 25.7 £12,671 Total 148.0 £26,701 The graph and table above show that UK residents are still making the most trips and still spending the most money in the UK. The amount they spend al goes towards helping the economy. The following information shows the Tourism In the UK Economy: Economic Indicator £ Billion 1998 Tourisms Share Gross domestic product 838 3.6% Consumer pending 523 5.7% All exports 351 4.5% Service Exports 60 26.5% The above table gives an indication on the total amount of money spent and also how much the travel...
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