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Fundamentals of Tourism, Leisure and Hospitality and Event Sector

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Added on  2020-05-16

Fundamentals of Tourism, Leisure and Hospitality and Event Sector

   Added on 2020-05-16

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Running head: FUNDAMENTALS OF TOURISM, LEISURE, HOSPITALITY ANDEVENTS SECTORContribution of Tourism towards the UK EconomyName of the University:Name of the Student:Author Note:(Word Count: 1300)
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FUNDAMENTALS OF TOURISM, LEISURE, HOSPITALITY AND EVENTSSECTORTable of ContentsIntroduction...................................................................................................................2Discussion.....................................................................................................................2Scenario Analysis......................................................................................................3The Digital World.......................................................................................................3Future opportunities and trends................................................................................4Current scenario........................................................................................................5Conclusion....................................................................................................................6References...................................................................................................................71
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FUNDAMENTALS OF TOURISM, LEISURE, HOSPITALITY AND EVENTSSECTORIntroductionThe tourism industry has delivered a significant contribution to the economy ofUnited Kingdom. As per leaked information, it is evident that the industry hasdelivered approximately 58 billion pounds, which accounts for around four percent ofthe GDP of UK. This in turn, takes into account the value that is generated by theprovision of tourism related to services and goods. In terms of employment, theindustry contributes through supporting over two million jobs (Hanafiah, Jamaluddinand Zulkifly 2013). Moreover, taking into consideration the direct as well as indirectimpacts, which includes the aspect of supply chain, tourism has contributed hugeamount to the overall economy of UK. Taking the direct impacts, tourism contributesare 48 billion pounds, which supports over one million jobs (Simão and Partidário2012). The essay throws light on the contribution of the tourism industry towards theeconomy of United Kingdom.DiscussionIn the year 2014, there were around 200,000 VAT registered business fieldsin the sectors of tourism in United Kingdom. This included food and beverages,accommodation, travel agencies, transport, cultural activities and many more. In theyear 2016, the residents of British have spent around 18.5 billion pounds onovernight trips, adding up to the 288 million nights staying away from home(Lovelock and Lovelock 2013). In addition to this, the overseas visitors to UnitedKingdom has spent around 19.7 billion pounds in the year 2016, staying away for240 million nights. Around 1.6 billion day trips were being taken to the English2
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