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Effect of Tourism on the United Kingdom's Economy

2023-09-07 03:03:47

Introduction Tourism is one of the biggest and fastest growing industries in the UK. According to the official report, the growth rate of the UK tourism industry in 2011 was 1%, but in the same year the country's economic growth rate was only 0.7%. According to statistics, from 2010 to 2012, the tourism industry supported one-third of the country's new job opportunities. The British Tourism Board predicts that by 2025 the industry will grow faster than the domestic economy, which is expected to be equivalent to £ 25.7 billion, accounting for approximately 10% of the gross domestic GDP, greatly supports domestic employment It is.

Tourism is an important part of the Paris economy. In 2013, there were 29.3 million visitors in Paris, most of them visitors from the USA, followed by Britain, Italy, Germany and Spain. The number of visitors from Japan was 550,000, decreased from the previous year. Meanwhile, the number of visitors from China (186,000 people) and the Middle East (326,000 people) increased by 20%. In 2013, the area in Paris grew 32.3 million visitors and the area became the original tourist destination of the world before London when measured by the hotel occupancy rate. The number of foreign tourists from England, America, Germany, Italy and China is the largest. Paris is particularly important as Europe's luxury shopping district. In 2014, visitors from Paris consumed the world's third-largest $ 17 billion (13.58 billion euros), following London and New York.

By 1900, Germany became the largest economy in Europe, becoming the second largest economy in the world after America. In the past Britain occupied this point. The main economic competitors in Germany are the UK and the US. Through its existence, it experienced economic growth and modernization brought about by heavy industries. In 1871, its rural population was nearly 41 million, and by 1913 this number has increased to urban population of 68 million. For 30 years, Germany has worked hard to oppose UK becoming the leading industrial power in Europe. Representative of German industry is Krupp, a leading steel company, its first factory was built in Essen. By 1902, at the factory alone it became "a unique street, unique police, fire department, big city with traffic restrictions". 150 kilometers of railway, 60 different factories, 8,500 machine tools, 7 power plants, 140 kilometers. Underground cable and 46 aerial cables "