UK expected to create 700,000 travel jobs in the next decade
The World Travel & Tourism Council’s latest Economic Impact Report projects the UK could create nearly 700,000 new travel service jobs over the next decade.
The forecast from the WTTC shows an average of 70,000 new jobs will be created annually.
According to the report, the UK’s travel sector’s contribution to GDP is forecast to grow at an average rate of 3% between 2022-2032.
Julia Simpson, WTTC President & CEO, said: “The future looks bright for the revival of the UK tourism sector, but in the short term, international visitor spend is so low it is hampering the economic recovery.”
The latest EIR report also reveals that 2021 saw the slow beginning of the recovery for the UK’s travel sector.
Last year, its contribution to GDP climbed 40.3% year on year, to reach more than £131 billion, still significantly below 2019 levels.
The sector’s contribution to the economy could have been higher if it weren’t for the impact of the Omicron variant.