UK Tourism is Getting Wings Now

According to a research done by Visit Britain, The tourism sector of UK is going to be one of the best performing sector in the upcoming years. It is estimated that tourism sector is going to contribute 3.5 percent per annum to the economy. As it is estimated that tourism sector is going to play an important role in the growth of economy, this sector requires continuous investment, promotion, enhanced Government policies and renewed regulatory support.

Currently tourism is on third position in terms of foreign exchange earnings having Inbound spend of worth £16 billion and it is estimated that foreign visitors ' spending will be almost doubled to £31 billion by 2020 (growing by 4.4% for year).

Olympics 2012

Spending by citizens of UK is also predicted a slower growth of 2.6% per annum butfrom a higher base level. It is predicted that domestic spending will be £113 billion in 2020 (this year it is £72 billion).

According to The Chairman of VisitBritain, Mr. Christopher Rodrigues, "This research reaffirms the importance of tourism to the British economy. Tourism is a powerful economic driver, and investing in tourism delivers immediate economic benefits-overseas visitors pay around £ 3 billion a year to the Treasury alone. Tourism is one of the few industries that supports jobs across the country in our cities, sea-side towns and rural areas, cannot be outsourced and has the potential to grow and support 250.000 more jobs with continued investment.
Tourism is an industry in which Britain punches above its weight and is truly globally competitive-we arecurrently 6th in the world-but its benefits in income both to the Treasury and to local communities and in shaping the image of Britain abroad as a place to do business are often taken for granted.

We now have the catalyst of being host to the London 2012 Olympic and Paralympic Games to revitalize the welcome we offer the world, and I hope this research will underline what an historic opportunity we all have to work for. "

UK Tourism is Getting Wings Now