With the right tax and policy framework, the UK outbound travel industry could grow by as much as 15% over the next five years compared with pre-pandemic levels, according to new research commissioned by Abta.
Aito is angry proposed PTR rule changes will not protect operators during airport disruption
The study, carried out by York Aviation, found the industry is worth £49 billion to the UK economy annually, supporting 720,000 jobs and raising nearly £7 billion a year in tax revenues for HM Treasury.
In addition, the study highlighted how consumers spend £51 billion each year in the UK before travelling overseas. Abta has shared its findings with prime minister Liz Truss, chancellor Kwasi Kwarteng, business secretary Jacob Rees-Mogg and transport secretary Anne-Marie Trevelyan.
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