UK tourism industry to double in value
The value of tourism to the UK economy could double by the middle of the next decade, according to a report.
Figures by Deloitte for VisitBritain predict the industry's worth to the economy is likely to grow from the current £127bn to £257bn by 2025, representing 10% of UK GDP.
Although international visitors are predicted to grow by 6% a year, Britons holidaying at home are to provide the fastest growing tourism sector.
Christopher Rodrigues, Chairman of VisitBritain, told BBC Radio 5 live's Wake Up to Money: "We've got a great product - it's the little island off the coast of continental Europe that's the sixth most inspirational destination in the world."
21 Nov 2013
- From the section Business