ABTA and UKinbound have launched a new joint report: ‘International travel: Powering the UK economy’ based on research commissioned from leading aviation consultancy, York Aviation. The report finds that international travel…
contributes £80bn to the UK economy in total GVA annually - equivalent to 4.0% of the UK’s total GVA;
supports 1.5 million jobs – 4.5% of all jobs in the UK;
provides £13.2bn to HM Treasury in taxes;
generates £84bn in travel-related spending across the UK;
is due to outperform other parts of the UK economy over the next five years – with inbound tourism due to grow by 20%, and outbound by 15%, compared with 2019 levels. Forecast growth across the UK economy is just 10.3% over the same period.