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Published on : Wednesday, November 27, 2013
According to a new report, SCOTLAND’S tourism industry could be worth more than £23 billion to the economy by 2025, doubling the current value of the sector. National tourism organisation VisitScotland said, the figures serve to highlight the importance of the industry to the ongoing economic recovery. The industry currently supports over 292,000
jobs, which equates to 10.9 per cent of all jobs.
The report, conducted by Deloitte and commissioned by VisitBritain, says that the tourism economy will be worth around £11.6 billion in 2013, equal to 10.3 per cent of Scotland’s GDP. Deloitte predicts that the sector could be worth £23.1 billion by 2025, supporting 350,000 jobs.
The firm, which provides audit and finance services, also estimates that for every £1,000 of value spawned in direct tourism, there is a further £1,200 of value that is secured elsewhere in the economy.
Mike Cantlay, Chairman of VisitScotland, said: “Tourism is a cornerstone of Scottish industry and is vitally important to the ongoing stabilisation of the economy. I’m delighted to see the importance being placed on tourism, highlighting the fundamental role it has in job creation, economy growth and ultimately putting Scotland firmly on the front foot after a difficult economic period. Our popularity with our international markets comes as no surprise.”