8. DECENT WORK AND ECONOMIC GROWTH

UK’s Travel & Tourism Industry Expected to Surpass 2019 Levels by Year’s End

UK’s Travel & Tourism Industry Expected to Surpass 2019 Levels by Year’s End
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UK’s Travel & Tourism Industry Expected to Surpass 2019 Levels by …  VisaGuide.World

UK’s Travel & Tourism Industry Expected to Surpass 2019 Levels by Year’s End

United Kingdom’s Travel and Tourism Sector Expected to Surpass Pre-Pandemic Levels

The United Kingdom’s Travel and Tourism sector is projected to exceed the levels achieved in 2019 this year, according to the latest analysis by the World Travel and Tourism Council (WTTC).

The sector is also expected to contribute £252.4 billion to the country’s economy, surpassing the pre-pandemic peak of £248.5 billion.

Key Findings:

  1. The Travel and Tourism sector in the UK is predicted to generate nearly 380,000 jobs in 2023, bringing the total employment in this sector to four million, employing over one in nine UK workers.
  2. Spending by international visitors to the UK is estimated to reach £26.18 billion, just six percent below the peak recorded in 2019.
  3. The sector’s GDP contribution increased by 65 percent in 2022, exceeding £237 billion and accounting for 9.5 percent of the country’s economy.
  4. The sector created 1.1 million additional jobs compared to the previous year, reaching a total of 3.6 million jobs nationwide.
  5. International travel saw a significant recovery, with spending by overseas visitors increasing by over 300 percent from 2021.

Sustainable Development Goals (SDGs) Impact:

The Travel and Tourism sector’s growth aligns with several Sustainable Development Goals (SDGs), including:

  • SDG 8: Decent Work and Economic Growth – The sector’s job creation contributes to decent work and economic growth in the UK.
  • SDG 9: Industry, Innovation, and Infrastructure – The sector’s expansion supports the development of infrastructure and innovation in the UK.
  • SDG 12: Responsible Consumption and Production – The sector’s focus on sustainability promotes responsible consumption and production practices.
  • SDG 17: Partnerships for the Goals – Collaboration between stakeholders in the sector contributes to achieving the SDGs.

“The recovery and long-term growth of the sector are at risk with the self-axing of VAT-free shopping for international tourists. We will continue to see high-value tourists choosing France and Italy over the UK and taking economic value and jobs with them,” WTTC President & CEO Julia Simpson points out.

The Global Tourism Organization predicts that by 2033, the UK’s Travel and Tourism sector will significantly expand its GDP contribution to nearly £315 billion, representing almost 11 percent of the UK economy.

European Travel and Tourism Sector’s Contribution

In 2022, the European Travel and Tourism sector made a significant contribution of €1.9 trillion to the regional economy, only seven percent below the peak recorded in 2019. WTTC forecasts reveal that this year, the sector’s GDP contribution in the region will exceed two trillion euros, coming very close to the highest point observed in 2019.

The sector employed almost 35 million people across the region in 2022, marking an increase of 2.9 million from the previous year. However, this employment figure was still 3.2 million jobs below pre-pandemic levels.

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 8: Decent Work and Economic Growth
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 12: Responsible Consumption and Production
  • SDG 17: Partnerships for the Goals

2. What specific targets under those SDGs can be identified based on the article’s content?

  • SDG 8.9: By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products.
  • SDG 9.1: Develop quality, reliable, sustainable, and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being.
  • SDG 12.8: By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature.
  • SDG 17.17: Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

  • Number of jobs created in the Travel and Tourism sector in the UK.
  • GDP contribution of the Travel and Tourism sector in the UK.
  • Spending by international visitors to the UK.
  • GDP contribution of the Travel and Tourism sector in the UK by 2033.
  • Contribution of GDP by the European Travel and Tourism sector.
  • Number of people employed in the European Travel and Tourism sector.

SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 8: Decent Work and Economic Growth Target 8.9: By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products. – Number of jobs created in the Travel and Tourism sector in the UK.
– Number of people employed in the European Travel and Tourism sector.
SDG 9: Industry, Innovation, and Infrastructure Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being. – GDP contribution of the Travel and Tourism sector in the UK.
– Contribution of GDP by the European Travel and Tourism sector.
SDG 12: Responsible Consumption and Production Target 12.8: By 2030, ensure that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature. – Spending by international visitors to the UK.
SDG 17: Partnerships for the Goals Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships. N/A

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: visaguide.world

 

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