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Visitors tipped to spend more on UK holidays

Mon 15 Mar 2010

Visitors tipped to spend more on UK holidays

The Isle of Wight could be set to benefit from an increase in the amount of money spent by tourists.

According to figures from VisitBritain, holidaymakers from other countries spend about £16 billion a year when taking a break in the UK.

However, estimates suggest that this could go up to as much as £31 billion over the next decade.

The amount spent by UK residents who are taking a break at home is also expected to go up during this time.

Christopher Rodrigues, chairman of VisitBritain, said this demonstrates how important the holiday industry is to the UK economy.

"Tourism is a powerful economic driver," he commented.

"Investing in tourism delivers immediate economic benefits."

Indeed, he noted that tourism has the potential to support an extra 250,000 jobs if investment continues to take place.

This comes after a study by Lloyds TSB found that one in three Britons plan to take a break in the UK during 2010.
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