THE travel and tourism
industry’s contribution to the UK economy will fall this year as taxes and
regulations continue to hinder potential growth in the sector, says the World Travel & Tourism Council.
The council predicts that the sector will see only
2.5 percent growth in GDP contribution this year, compared to the 3.4 percent increase
seen in 2013.
“The UK is not taking the potential of travel and
tourism seriously enough and is losing vital income and potentially hundreds of
thousands of jobs at a time when creating employment opportunities for young
people is vital,” says the council.
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