New research proves that Britain’s flourishing tourism sector has grown into a major economic force, rising to a worth of around £127 billion last year.
Entitled ‘Tourism: jobs and growth’, a new report from market research firm Deloitte showed that hospitality businesses generated a third of Britain’s new jobs between 2010-2012.
Revenue from activity within the sector accounts for nine per cent of the UK’s GDP, while 9.6 per cent of UK employment comes from jobs created by tourism.
Cited by freshbusinessthinking.com, Deloitte’s report suggested that by 2025 the sector could be worth over £257 billion, a 56 per cent rise on the total from last year, whilst supporting 3.8 million jobs across the nation.
Christopher Rodrigues, the chairman of UK tourist authority VisitBritain, said that inbound tourism will give businesses within the sector the chance to grow at levels that will lead other industries out of the economic slowdown.
“Inbound tourism is already one of Britain’s top export industries and will continue to be the fastest growing sector of the industry – with spend by international visitors forecast to grow by over six per cent a year,” he told bighospitality.co.uk.
Despite the positive results, Mr Rodrigues still believes that Britain has plenty of work to do in ensuring the sector is given the best chance of scaling new heights.
“Inbound tourism’s record performance since the Olympics bodes well for the future but to achieve the industry’s full potential we need to continue to raise our game, marry policy and marketing and promote Britain even more aggressively overseas,” he added.