1 Introduction and background
This report, prepared by Oxford Economics, provides a comprehensive assessment of the economic contribution of the core UK hospitality industry to the wider UK economy.
1.1 Study scope and objectives
The aim of the study is to: Assess the various economic contributions that the hospitality industry makes to the wider UK economy; and
Provide scenario analysis of the potential future contribution of the hospitality economy under a range of different assumptions.
1.2 The channels of economic impact
There are many channels through which the core UK hospitality industry makes a contribution to the UK economy. This contribution includes the following standard economic impacts: Direct impacts – employment and activity in the core UK hospitality industry itself.
Indirect impacts – employment and activity supported down the supply chain to the core UK hospitality industry, as a result of UK hospitality firms purchasing goods and services from UK suppliers. This includes, for example, jobs in the manufacture of food & beverages, business services (such as advertising and market research), agriculture and communications.
Induced impacts – employment and activity supported by those directly or indirectly employed in the core UK hospitality industry spending their incomes on goods and services in the wider UK economy. This helps to support jobs in the industries that supply these purchases, and includes jobs in retail outlets, companies producing consumer goods and in a range of service industries.
There are also a number of additional economic catalytic impacts (‘spillovers’) which result from the wider role hospitality has on the economy. While not quantified in this report, they are discussed in section 3.2.
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