answersLogoWhite

0

Travel and tourism is important because it earns money which the United Kingdom Treasury badly needs, with the U.K's balance of payment deficit currently being around £2 billion per quarter on trade during the current world recession.

But statistics show that tourism in Great Britain (i.e. England, Scotland and Wales) attracts about 32 million overseas visitors on average every year and that is a major part of the U.K's economy. The visitors from all over the world, while enjoying their time in Great Britain and changing their Dollars, Euros, Japanese Yen or other strong World Currencies into Pounds Sterling thereby generate about 19 billion per year in export earnings for the U.K. economy!

The tourists include people coming to the U.K. on holidays, or on business trips or students or visiting friends and family is not seasonal but goes on throughout every year, Because places people want to visit apart from London are all around the island of Great Britain, their travelling and spending produces a circulation of over £69 billion all over Great Britain and supports nearly 2.7 million jobs all over the U.K. all of which further benefits the U.K. economy.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

In Philippine's what is the importance of tourism in travel?

Tourism and Travel go hand in hand in order for the country to promote visitors. As such, tourism should be embodied by the Filipino people so that when visitors do come, they will leave a good lasting impression.


What is the Difference between tourism economy and tourism industry?

The tourism economy refers to the broader economic impact of tourism on a region, including all the direct and indirect contributions to employment, GDP, and local businesses. In contrast, the tourism industry specifically focuses on the businesses and services that directly cater to tourists, such as hotels, restaurants, travel agencies, and attractions. While the tourism industry is a component of the tourism economy, the economy encompasses a wider range of economic activities influenced by tourism.


Why is Thomas Cook such an important figure in the history of travel and tourism?

Secret


What are the factors that led to the development and growth of tourism industry worldwide?

Advances in modes of travel and in communication led to growth of the tourism industry. Integration of the global economy was also a factor.


What is the relationship of travel and tourism?

the realionship between the organisation in the travel and tourism.


Is tourism or travel a major industry in Alaska?

tourism and travel is not a industry.


Why travel and tourism is important?

Transportation is an essential part of the tourism industry and it plays an important role as well. Without it, travelling would be impossible. It is because of the improvement of transportation that tourism has expanded.Transportation and the advanced vehicles have made travel to all the corners of the world possible, and while making some changes to the market, it had brought tourism to a whole new level.


What are the social issues involved in tourism?

Tourism usually has social issues combined with cultural issues. But the main points are: whether the tourism is socially stable with regards to the locals and their economy. Or perhaps, the travellers, is it a socially stable environment within which to travel.


Is it important to study the heritage tourism?

yes... for a great future in tourism industry or for a bright knowledge about tourism you must have all the knowlwdge about kindda of tourism. Heritage tourism is not just a kind of travel. eco-tourism, sports tourism, rural tourism, dark tourism, adventure tourism, etc are the kind of tourism. Study them too.


Why transportation is important tourism and travel?

Transportation is an essential part of the tourism industry and it plays an important role as well. Without it, travelling would be impossible. It is because of the improvement of transportation that tourism has expanded.Transportation and the advanced vehicles have made travel to all the corners of the world possible, and while making some changes to the market, it had brought tourism to a whole new level.


Which are the important International Tourism Organisations?

Important international tourism organizations include the United Nations World Tourism Organization (UNWTO), which promotes sustainable and responsible tourism globally. The World Travel and Tourism Council (WTTC) focuses on the economic impact of tourism and advocates for the sector's growth. Additionally, the International Air Transport Association (IATA) plays a crucial role in the airline industry, facilitating global air travel and tourism. These organizations collectively work to advance tourism policies, standards, and best practices worldwide.


Who is India travel and tourism minister?

Ambika Soni is the minister for tourism and travel.