WTTC Research Reveals Travel & Tourism Sector’s Contribution to UK GDP Slumped a Shocking £148 Billion in 2020

WTTC | April 7, 2021

London, UK - April 7, 2021 - The World Travel & Tourism Council’s annual Economic Impact Report (EIR) today reveals that the dramatic collapse of the UK’s Travel & Tourism sector has wiped out a staggering £148 billion from the UK economy. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP, dropped by a precipitous 62.3%. Travel & Tourism GDP fell from £238 billion (10.1%) in 2019 before the pandemic struck, to just £90 billion (4.2%), a mere 12 months later, in 2020. The year of crippling ...