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Hospitality worth more than Government thinks

(20 October 2005 00:00)

Official figures undervalue the UK tourism, hospitality and leisure industries by £6.5b, according to the British Hospitality Association (BHA).

Trends and Statistics 2005, published by the BHA, found the value of the industry was £81.5b and not the £75b stated by the Government.

The biggest chunk of turnover comes from eating and drinking out of home, which the report values at £36b - £20.1b of which is spent on food.

Bob Cotton, chief executive of the BHA, said: "This is the first time the figures have been researched in detail. Now that we have a base on which to work, we will be able to examine them in future years and derive up-to-date figures for each category of expenditure."

Overall, the hospitality industry now employs 1.72 million people, with 1.31 million (74%) employed in hotels, restaurants, pubs, clubs, bars and contract catering.

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The report also reveals that, between September 2004 and December 2005, 110 hotels with 11,000 bedrooms will have opened in the UK, representing a £1.2b investment.

Source: Caterer & Hotelkeeper

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5th September 2008