The association estimates outbound travel accounted for £51.6 billion in Gross Value Added (GVA) to the UK economy – the value of goods and services produced by the sector after deducting input costs.
Abta chief executive Mark Tanzer said the figure was an increase of 5% on pre-pandemic levels of £49 billion. The association also estimates 818,000 people are employed in the industry via the extended supply chain in the UK.
Tanzer on Tuesday (3 December) told Abta’s Travel Matters conference that while the picture was optimistic, Abta members were “by no means out of the woods yet”.
