Analyse and explain using up to date statistics, the revenue generated by Travel and Tourism in the UK.

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Gabriel Coleman 12B

Assignment 2: Scale of the UK Travel and Tourism industry.  

    This investigation covers just what contribution the Travel and Tourism industry makes on the economy of the UK. I am going to look at statistics from the industry, which show stats on revenue, employment and numbers of tourists. 

   

  Analyse and explain using up to date statistics, the revenue generated by Travel and Tourism in the UK.

 

     The British tourist authority and the English tourism council estimate that the value of UK tourism in 1998 was 61,201million, making the industry the 4th largest earner of foreign exchange.

   In 1998, 25 million overseas visitors came to Britain, spending more than £12billion. The BTA estimates by the year 2003, overseas will spend around £18 billion a year in the UK, %44 more than in 1998.

   A wide range of industries benefit from both direct and indirect income generated by tourists. Indirect income is generated through the process called the multiplier effect. This occurs because the money spent by tourists is recalculated in the local economy. The travel and tourism industry also contributes to the national economy via central and local government taxation, including corporation tax and VAT.

 

 

   As you can see in the chart above, accommodation is where most of the tourists spend their money when they come to the UK. 9.4 £billion comes into the UK from accommodation alone. Quite a big percentage of the income is from shopping, which will be buying food if you are self catering or buying souvenirs. In 1995, the income from all these areas was 24.8 billion, but in 1998 the income was 26.6 billion, an increase of 1.8 billion.

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   The different factors that effect tourism revenue are Crime, bad publicity, tourism, war, racism, language barriers and the Euro etc…

  If a country has a reputation of being bad for crime, this is going to limit the number of people wanting to go to that place on holiday, and therefore loose money because there are no people in their country spending money on accommodation, and that country will have to work hard to establish its self as a safe holiday destination.

  If there is a war in or around the country, people are ...

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