If the current international travel restrictions are extended by summer, the UK economy will lose 18 billion, and we found a study of all party groups on the future of aviation.
The study estimated that a decline in foreign visitors would result in at least 7.5 billion income losses in stores, restaurants, hotels and tourist destinations.
Outbound travel, which contributed 37.1 billion to the UK economy in 2019, is expected to hit at least 10.5 billion, and travel restrictions are expected to keep passenger numbers at historically low levels.
Group Chairman Tory Smith said Boris Johnson should set a clear timeline for the initiation of the trip in a February 22 roadmap speech related to a comprehensive financial aid package for the industry.
Our aviation, travel and tourism industries have faced the toughest 12 months in history and have been devastated by a plunge in passenger numbers and delays in the promised recovery package.
These figures reveal the brutal reality that without further financial aid and clear paths out of restrictions, these industries, which are already running empty, will be left in the war for survival.
The epidemic has been a catastrophe for our aviation, travel and tourism sectors and the consequences of summer losses will be devastating not only for the businesses involved, but also for the employees, the community and the UK economy as a whole.
That’s why it is very important for the government to tackle this challenge with a clear roadmap out of limits and provide a serious and critical support package that protects these essential industries over the tough months to come.
Joss Croft, CEO of UKinbound, said that since the travel aisles were removed and quarantine hotels were introduced, our members have received hundreds of cancellations by 2021, and as long as there is quarantine, the cancellations will continue and people will be postponed. I booked a trip to the UK this year.
This is why the Prime Minister should release a roadmap for the resumption of the tourism sector on February 22nd. We expect strong demand when people can travel again, but our industry doesn’t reopen overnight.
The Superintendent must recognize that we have a long journey towards recovery and that we need assistance today so that tourism can survive long enough to support the UK’s economic recovery. That’s why it needs to be maintained as long as there are extensions of restrictions, sectoral subsidies, and easing business rates.
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