Report on the UK Tourism Sector's Economic Contribution and Structure

This report provides an analysis of the UK tourism sector, focusing on its economic impact and structure. It highlights the sector's significant contribution to the UK economy, with data on revenue, economic contribution, and the role of various sectors. The report discusses the involvement of private entities like TUI Group, public and voluntary organizations, and the impact of education-related tourism. It covers key aspects such as the total revenue generated by tourists, the contribution of international students, and the overall economic prosperity driven by the tourism industry, including employment opportunities and the standard of living. The report also gives an overview of the structure of the travel and tourism sector.

STRUCTURE OF TRAVEL AND TOURISM
SECTOR
Majorly, the travel and tourism industry
consists of private, public and voluntary sector. Travel
and tourism is one of the most attractive industries
which is leading the nation to gain high economic
prosperity with offering number of employment
opportunities to the people and thus, enhancing the
standard of living of them.
 In the economy of UK, at present, 12.1bn
pounds is the total contribution that can be
taken as 7.1% of the whole.
 Tourists generate 127.4bn pounds as the total
revenue as per which UK’s economy is the
eight largest tourist destination.
 Approximately, 4% of tourists make
contribution in enhancing the economy of UK
on direct basis.
 Apart from that business and leisure purpose, it
is the education sector which is helping the
travel and tourism sector of UK to grow.
 The international students that come in the UK
for education purpose spend around 14 billion
pound that is estimated to increase by 24bn
pounds till the year 2020.
 As per the research data of tourism sector of
UK, the industry is worth around 126.9 billion
pounds as well as the economic contribution is
26.2 bn pounds.
 Private organisations like TUI Group are
playing a significant role in offering high
quality services to the tourists and thus, making
the economy grow by attracting more.
 However, public and voluntary firms in this
sector are enhancing the tourism industry by
promoting and preserving the national and
heritage sites as well as by informing people
regarding the developments took place.