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

Innovation Index: Are You Prepared to Shift from Survival to Growth?

Oxford Economics and NTT Data fielded a survey of 1,000 North American business and IT executives in 2022 to uncover future strategies to mitigate disruption.

Find Out More

Post

Reinventing for growth in a changing media landscape

Oxford Economics partnered with Accenture to survey 6,000 consumers around the world about their media and entertainment habits, experiences, and preferences.

Find Out More

Post

PepsiCo’s Racial Equality Journey: An Analysis of its Economic Impacts

Oxford Economics was commissioned by PepsiCo to quantify the socioeconomic gains of their Racial Equality Journey initiative and conduct a survey of 500 US-based executives about their corporate diversity goals and plans.

Find Out More