The UK travel and tourism industry outperformed the country’s economy as a whole in 2012

The UK travel and tourism industry outperformed the country’s economy as a whole in 2012. Research by the World Travel and Tourism Council (WTTC) found that travel and tourism grew its contribution to gross domestic product (GDP) by 0.5%, compared with 0.1% whole GDP growth. The sector’s total economic contribution in 2012, accounting for its direct, indirect and induced impacts, was £106.3b in GDP, £8.9b in investment (4% of total investment) and £25.3b in exports (5% of total exports). The industry supported more than 2.42 million jobs in 2012 (8% of UK total employment) with a forecasted 1% expansion in 2013.

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