UK tourism and recreation 'outpacing global recovery'

Lloyds Bank’s monthly UK Recovery Tracker found output of UK businesses in 13 of the 14 sectors it monitors increased in August, including tourism and recreation for the first time.

Tourism and recreation, for the purposes of the Tracker, includes hotels, restaurants and leisure facilities.

According to Lloyds, the recovery was aided by the Eat Out to Help Out scheme, and a domestic tourism and staycation boost.

The findings, though, can only be considered a qualified positive, said Lloyds, following the historic low period most sectors suffered during Q2.

"Many tourism and recreation businesses only started to operate again in July, which helped make the sector’s August rebound in output so sharp," said Lloyds.