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

The Environmental Impact of Digital Over Cash Payments in Europe

On behalf of the European Digital Payment Industry Alliance (EDPIA), our report on “The Environmental Impact of Digital over Cash Payments in Europe” seeks to evaluate carbon emissions across payment systems at point of sales.

Find Out More

Post

HP Study: Leveraging technology to meet sustainability and community goals

In late 2023, in collaboration with HP, Oxford Economics conducted a survey to better understand how businesses and governments globally are working to meet sustainability and community goals.

Find Out More

Post

FinTech 2025+

Developed in partnership with Convera and The Paypers, this insightful report analyses the current and future state of the fintech sector, emphasizing the crucial role of cross-border payments in international trade and finance. As global commerce evolves in the digital era, alongside rapidly shifting consumer and business expectations, the need for innovative, efficient and secure payment methods that cater to an interconnected world becomes ever more urgent.

Find Out More