Since 2010, tourism represented the most rapidly growing sector in the UK when in employment terms. The tourism industry in Britain is anticipated to make up more than £257 billion by 2025. This article will reveal more about the travel industry in the UK and help you with a secure and cheap travel merchant account.
Tourism Sector in the UK: Travel Merchant Processing
According to Deloitte, the travel industry is expected to grow at an annual rate of 3.8% by 2025. The tourism industry in Britain will account for more than £257 billion by 2025, just under 10% of UK GDP. This will mean about 3.8 million jobs, meaning nearly 11% of the total UK number.
The value of inbound tourism is anticipated to reach from over £21bn in 2013 to £57bn by 2025. The UK will see an international tourism payments balance surge in 2023.
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