The global recession and its impact on tourists' spending in the UK
SUMMARYThis article uses an input-output (IO) modelling approach to investigate the impact of the global recession on the expenditures of inbound and overnight domestic visitors and the wider effect on the UK economy. The results suggest that the economic crisis has had a negative direct impact on tourism in the UK of around £42 million, although this was the relatively small difference between a large increase in domestic holiday tourism and falls in business and visiting family, friends and relatives spending. In turn, this led to a negative indirect impact of £45 million, representing a £21 million net fall across the production chain and a £24 million net fall in the compensation of employees. Overall, the economy has suffered a total net loss of £87 million.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 4 (2010)
Issue (Month): 8 (August)
|Contact details of provider:|| Web page: http://www.palgrave-journals.com/|
Web page: https://www.ons.gov.uk/
|Order Information:||Web: http://www.springer.com/economics/journal/41318|
When requesting a correction, please mention this item's handle: RePEc:pal:ecolmr:v:4:y:2010:i:8:p:65-73. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.