Tourists outside Buckingham Palace
Media playback is unsupported on your device
Video

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."

Go to next video: Low prices draw Chinese to UK