Re: Netherlands "NethExit" ?
Originally Posted by
Tedc
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These holiday countries are right in the firing line as we enter the holiday season.
Lots of villas/rooms but no flights coming in.
Not only italy and spain will suffer. Since 2010 tourism has been the fastest growing sector in the UK in employment terms. Britain is forecast to*have a tourism industry worth over £257 billion by 2025 just under 10% of UK GDP and supporting almost 3.8 million jobs, which is around 11% of the total UK number.
Tourism’s impact is amplified through the economy, so its impact is much wider than just the direct spending levels. Deloitte estimates the tourism GVA multiplier to be 2.8 – meaning that for every £1,000 generated in direct tourism GVA there is a further £1,800 that is supported elsewhere in the economy through the supply chain and consumer spending.
Inbound tourism will continue to be the fastest growing tourism sector – with spend by international visitors forecast to grow by over 6% a year in comparison with domestic spending by UK residents at just over 3%. The value of inbound tourism is forecast to grow from over £21bn in 2013 to £57bn by 2025, with the UK seeing an international tourism balance of payments surplus in 2023, almost forty years since the UK last reported a surplus.
https://www.visitbritain.org/visitor-economy-facts