With tourism being the fastest growing industry in the UK, experts state that we can expect to see rapid industry expansion by almost 4% a year until 2025. With the success of Brexit factoring into that figure, we might even see more growth and expansion sooner than that.
This makes it more important than ever for today’s independent travel agencies to obtain their ATOL, ABTA and IATA Certifications. By consulting with an ATOL Consultant or IATA Consultant, you can learn about the many benefits of industry certifications and how LI Advisors can simplify the process.
Now, let’s take a look at some Interesting UK Travel Industry Statistics which highlight the success and growth of the industry:
Interesting UK Travel Industry Statistics
£22.5 billion was spent by overseas travellers in the UK last year.
2 million jobs are created by the UK travel industry.
9% of the UK’s GDP is generated by tourism.
Inbound tourism to the UK has been recorded at £50 billion.
7 million overseas residents visited in April of 2017. This is up 19% from 2016.
The United Kingdom tourism industry is set to be worth over £257 billion by 2025.
37.9 million people visited from overseas in 2018 and spent £22.9 billion.
The UK accounted for 3.7% of international tourism receipts in 2017.
£604 is the average spend per visit in 2018.
$31.93 billion was spent by tourists in 2017.
Domestic tourism remains the biggest component of UK tourist spending.
3.8% of global tourism receipts are accounted for by the UK.
53% of the inbound visitor spending is accounted for in London.
8% of the inbound visitor spending is accounted for in Scotland.
2% of the inbound visitor spending is accounted for in Wales.
35% of the inbound visitor spending is accounted for in the rest of England.
Overseas visitors to the UK reached 7 million in 2018, a 4.4% increase from 2017.
Inbound tourism is set to grow from £21 billion in 2013 to £57 billion by 2025.
In July 2019, £2.9 billion was spent on visits by overseas residents.
Contact LI Advisors
To learn how you can get your ATOL, ABTA and IATA certifications, contact LI Advisors and speak with an expert in UK travel regulations today.
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