image credit: Unsplash

UK Travel & Tourism Sector is Expected to Create 700,000 Jobs over the Next Decade According to WTTC

May 18, 2022


The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the UK is expected to create nearly 700,000 new jobs over the next decade.

The forecast from the World Travel & Tourism Council (WTTC), shows an average of 70,000 new jobs will be created every year for the next 10 years.

According to the report, the UK’s Travel & Tourism’s contribution to GDP is forecasted to grow at an average rate of 3% annually between 2022-2032.

This is nearly twice the 1.7% growth rate of the overall economy and is set to reach more than £286 billion (10.1% of the total economy).

Read More on Hotel News Resource