Travel industry boosts latest UK growth figures

By Lisa James
Home » Travel industry boosts latest UK growth figures

Travel related industries have boosted growth in the services sector, according to the Office for National Statistics.

The ONS said gross domestic product (GDP) grew by 0.1% in February 2022, following 0.8% growth in January 2022.

The service sector grew by 0.2% and was the main contributor to February’s growth in GDP. This was partially offset by production, which fell by 0.6% and construction, which fell by 0.1%.

The ONS said: “The services growth in February 2022 was mainly driven by tourism-related industries with increases in both travel agency, tour operator and other reservation service and related activities (growing 33.1% on the month), and accommodation (growing 23% on the month).”

ONS Director of Economic Statistics Darren Morgan said: “The economy was little changed in February with the easing of restrictions for overseas travel – and increased confidence in booking holidays in the UK – triggering strong growth in travel agencies, tour operators and hotels.”

Share this article

Latest News