Travel & Tourism
The holiday season is here… and UK residents are flying off to their holiday destination.
However, throughout the year people all over the world choose the UK as their holiday destination. In 2004 the UK had 27.7m oversea visits by 2017 that raised to 39.2m! Unsurprisingly, London is the UK’s most popular destination, followed by Edinburgh and Manchester.
The Tourism industry is so important in our nation. It is one of the greatest economic powerhouses in the UK:
40m International visitors come to the UK each year.
Employs 1.6m people.
It's worth nearly £70bn directly to our economy each year.
Estimates by 2025
Supporting almost 3.7m jobs, which is roughly 11% of the total UK number.
Tourism Industry could be worth over £257.5bn that's just under 10% GDP.
Almost 9m eatra visitors will come to the UK each year.
Having a strong tourism industry is vital for many UK businesses, a key driver of investments and opportunities for local communities. The sector deal enshrines our support for those working in all types of tourism businesses, big and small.
Since the UK voted to leave the EU in June 2016, there has been marked growth in overseas buyers showing interest in the UK property market. Overseas buyers and investors are looking to capitalise on the weak pound and softening property prices amidst the continued uncertainty surrounding Brexit.