The global recession and its impact on tourists' spending in the UK
SUMMARY This 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...
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| Veröffentlicht in: | Economic & labour market review 2010-08, Vol.4 (8), p.65-73 |
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| creator | Webber, Dominic Buccellato, Tullio White, Sean |
| description | SUMMARY
This 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. |
| doi_str_mv | 10.1057/elmr.2010.114 |
| format | Article |
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This 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.</description><identifier>ISSN: 1751-8326</identifier><identifier>EISSN: 1751-8334</identifier><identifier>DOI: 10.1057/elmr.2010.114</identifier><language>eng</language><publisher>London: Palgrave Macmillan UK</publisher><subject>Consumption ; Economic conditions ; Economic growth ; Economic impact ; Economics ; Economics and Finance ; Expenditures ; GDP ; Gross Domestic Product ; Net losses ; Recessions ; Studies ; Tourism</subject><ispartof>Economic & labour market review, 2010-08, Vol.4 (8), p.65-73</ispartof><rights>Crown copyright 2010</rights><rights>Copyright Palgrave Macmillan Aug 2010</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c2834-f00e7174b46c1acaeaf685380d113afee3479b0bb7ff2eaad03263452d14f6fd3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27923,27924</link.rule.ids></links><search><creatorcontrib>Webber, Dominic</creatorcontrib><creatorcontrib>Buccellato, Tullio</creatorcontrib><creatorcontrib>White, Sean</creatorcontrib><title>The global recession and its impact on tourists' spending in the UK</title><title>Economic & labour market review</title><addtitle>Econ Lab Market Rev</addtitle><description>SUMMARY
This 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. 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Buccellato, Tullio ; White, Sean</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2834-f00e7174b46c1acaeaf685380d113afee3479b0bb7ff2eaad03263452d14f6fd3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Consumption</topic><topic>Economic conditions</topic><topic>Economic growth</topic><topic>Economic impact</topic><topic>Economics</topic><topic>Economics and Finance</topic><topic>Expenditures</topic><topic>GDP</topic><topic>Gross Domestic Product</topic><topic>Net losses</topic><topic>Recessions</topic><topic>Studies</topic><topic>Tourism</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Webber, Dominic</creatorcontrib><creatorcontrib>Buccellato, Tullio</creatorcontrib><creatorcontrib>White, Sean</creatorcontrib><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Entrepreneurship Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Entrepreneurship Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><jtitle>Economic & labour market review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Webber, Dominic</au><au>Buccellato, Tullio</au><au>White, Sean</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The global recession and its impact on tourists' spending in the UK</atitle><jtitle>Economic & labour market review</jtitle><stitle>Econ Lab Market Rev</stitle><date>2010-08</date><risdate>2010</risdate><volume>4</volume><issue>8</issue><spage>65</spage><epage>73</epage><pages>65-73</pages><issn>1751-8326</issn><eissn>1751-8334</eissn><abstract>SUMMARY
This 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.</abstract><cop>London</cop><pub>Palgrave Macmillan UK</pub><doi>10.1057/elmr.2010.114</doi><tpages>9</tpages><oa>free_for_read</oa></addata></record> |
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| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Free E- Journals |
| subjects | Consumption Economic conditions Economic growth Economic impact Economics Economics and Finance Expenditures GDP Gross Domestic Product Net losses Recessions Studies Tourism |
| title | The global recession and its impact on tourists' spending in the UK |
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