ABTA has released headline findings from its latest research on the economic contribution made to the UK by outbound travel, with the full findings due to be published next month in a joint report with UKinbound.
According to the analysis, which was carried out by York Aviation on behalf of ABTA, with the right tax and policy framework, the UK outbound travel industry is forecast to grow 15% by 2027, from 2019 levels.
The study also reveals that the UK’s outbound travel industry:
- is worth £49bn to the UK economy annually (Gross Value Added);
- supports 720,000 jobs across the UK;
- raises £6.9bn a year in tax revenues to HM Treasury;
- £51bn is spent each…
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