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Travel's £80bn contribution to UK economy laid bare in new report

Operators
Gary Noakes
2 November 2022

A new report from Abta and UKinbound outlines the £80 billion value of international travel to the UK economy in jobs, economic contribution and taxes.

'Hospitality has been noisy and highly effective. Travel has just been noisy.'

The report, International Travel: Powering the UK Economy, looks at the combined value of UK inbound and outbound tourism based on research from consultants York Aviation.
 
The report finds that each year, UK international travel contributes £80 billion to the UK economy in Gross Value Added (GVA), equivalent to 4% of total UK GVA.

The authors claim travel supports 1.5 million jobs – 4.5% of all UK jobs and provides £13.2 billion in taxes. York Aviation also estimates travel generates £84 billion in related spending across the UK.