Hospitality & Leisure

Wish you were here: UK tourism is booming

Bank of England

The World Economic Forum's Travel and Tourism Competitive Index has found that the UK has the fifth most competitive tourism market in the world, boosted by its healthy business environment, strong air travel infrastructure and wealth of cultural attractions. The tourism industry in the UK is worth $90.3m, or 3.5% of GDP, and is set to rise by more than 3% this year. More than 31m tourists came to the UK in 2013, bringing $41m into the economy. The index found that the UK's sector was weighed down by its heavy ticket taxes and airport charges. Spain topped the index due to a rise in tourists from emerging markets.


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