Ungated Post | 12 Mar 2018

Gatwick Airport’s Impact on the Visitor Economy

In the latest of a series of reports for Gatwick, Oxford Economics estimated the impact of Airport on the local and national visitor economies. The study measured the pattern of overseas and domestic visitor trips and spending across the South East and the UK, and quatified the resultant economic impact in terms of GDP, jobs and tax revenues.

In 2017, an estimated 5.5 million international visitors arrived in the UK via Gatwick, spending £3.9 billion in the visitor economy on hotel stays, restaurant meals, retail purchases, and leisure and cultural attractions. The demand facilitated by Gatwick Airport boosted UK GDP by some £4.7 billion, supported 93,300 jobs and generated £1.2 billion in tax revenues.

Much of the tourism activity supported by Gatwick is enjoyed by businesses in the local area, with roughly three-quarters of the impact concentrated in London and the South East. In particular, our analysis suggested that overseas visitors spent 4.6 million nights in the Coast to Capital LEP, supporting 22,900 local jobs and generating £1.2 billion value.

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia Pacific
Peter Suomi
+65 6850 0110
Email

EMEA
Aoife Pearson
+44 (0)203 910 8054
Email

Related Services

Post

Powering the UK Data Boom: The Nuclear Solution to the UK’s Data Centre Energy Crunch

The UK’s data centre sector is expanding rapidly as digitalisation, cloud computing, and artificial intelligence (AI) drive surging demand for high-performance computing infrastructure.

Find Out More

Post

Measuring the Value of Design in Singapore

This study explores how design delivers value to Singapore-based organisations, enhancing profitability, strengthening strategic performance, and supporting broad environmental and social benefits. It introduces a Theory of Change framework to help organisations more effectively communicate and measure the value of their design activities.

Find Out More

Post

How can tax and finance leaders build agile functions that thrive?

Building continuous transformation into tax and finance functions can equip them to use AI, adding rich, deep insight and value to businesses.

Find Out More