Transcription of The economic contribution of the UK hospitality industry
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The economic contribution of the UK hospitality industry
The economic contribution of the UK hospitality industry A report prepared by Oxford Economics for the British hospitality Association September 2015. Contents 1 Introduction .. 2. Purpose of the 2. Definition of the hospitality industry .. 2. Overlap between hospitality and tourism .. 3. Data revisions and updates to previous reports .. 4. The channels of economic impact .. 5. Report structure .. 6. 2 Direct contribution .. 8. employment .. 9. GVA and productivity .. 16. Gross tax revenue .. 19. Exports / in-bound spending .. 20. Investment.
The hospitality industry accounted for 17 per cent of total UK net employment growth between 2010 and 2014. This means that hospitality made a substantial contribution to the UK’s private sector jobs recovery. The hospitality industry is the UK’s fourth biggest industry in employment terms.
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