Ungated Post | 01 Nov 2016
The impact of heritage tourism for the UK economy
Heritage tourism is a vital part of the UK economy. In 2015, domestic and international tourists made 192 million trips to visit the UK’s cultural, historic and natural heritage assets.
The heritage tourism sector supported a £20.2 billion gross value added contribution to UK GDP and 386,000 jobs
The largest economic contribution is made, unsurprisingly, in London, where the heritage tourism sector is estimated to have supported a £5.7 billion gross value added contribution. However the relative importance of heritage tourism is greatest in the North East, Wales, and Scotland. Including direct, indirect and induced impacts, the sector provided nearly 2 percent of the total economic output produced in each of these. That is substantially higher than in the equivalent figure for the UK overall, at 1.1 percent.
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
2024 Fujitsu SX Survey: Accelerating Sustainability Transformation with AI
In the face of rapid technological advancements, businesses and society are undergoing significant transformations. At the same time, addressing sustainability issues such as geopolitical tensions and climate change remains a critical management challenge.
Find Out MorePost
The True Cost of Compliance
This report updates last years’ research on the detection and prevention of financial crime, and it’s cost to the UK financial services sector. We surveyed 254 senior compliance executives about their costs and compliance activities, and extrapolated the results to estimate the costs across the UK Financial Services sector. The report, by LexisNexis Risk Solutions,…
Find Out MorePost
Impact AI: Enterprise AI Maturity Index 2024
Oxford Economics and ServiceNow fielded a global survey of 4,470 executives at organizations where artificial intelligence capabilities are in use.
Find Out More