ABTA has urged the government not to discourage the British tourism industry's projected growth by raising the air passenger duty.
People searching for
travel insurance might be interested to note that ABTA has urged the government not to raise Britain's air passenger duty (APD) any further as doing so could damage the country's travel and tourism sector in the wake of the economic downturn.
A report published today (July 23rd) by VisitBritain has stated that the total value of tourism in the UK will grow by more than 60 per cent to a figure of around £188 billion in the period before the year 2020.
Meanwhile, the number of jobs related to the sector is expected to rise by 264,000 over the same period as the study indicates that the future is bright for the travel industry in Britain following the recession.
These figures are further reinforced by research conducted by Deloitte and Oxford Economics, which forecast that factors such as a favourable exchange rate, the enduring appeal of world-renowned attractions and the lure of the London 2012 Olympics should all serve to ensure that the nation's tourism sector becomes stronger in the coming years.
However, in order for this potential to be realised fully, VisitBritain insists that governmental intervention is crucial as there is a wide range of failures in the market that needs to be tackled.
And part of the Conservative-Liberal Democrat alliance's role in helping this sector should be the decision to not hike APD, Sean Tipton of ABTA has commented, as this would be "counterproductive".
"We fully understand that travel and tourism will be taxed like any other sector, but we think it's a question of making sure that taxes are at a fair and proportional level," he said.
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