VALUE OF TOURISM
Tourism worth £1.48 billion to Leicester and Leicestershire
Value of tourism to local economy up 6.2 per cent on previous year with an increase of 13 per cent over the last five years
New figures have shown that the value of tourism to Leicester and Leicestershire increased to £1.481 billion in 2013, up by 6.2 per cent on the previous year. This increase is double the regional average growth over the same period.
The economic impact of tourism in Leicester in 2013 was £512 million, up from £482 million in the previous year. For Leicestershire, the economic impact value was £969 million in 2013, compared to £913 million in 2012. Over 29 million people visited Leicester and Leicestershire in 2013 and jobs supported by tourism grew to 20,485 across the city and county.
The Leicester and Leicestershire research was conducted by Scarborough Tourism Economic Activity Monitor (STEAM). It is the tenth major consecutive study into the economic impact of tourism at a destination level and is based on 2013 data.
The research has been undertaken by Global Tourism Solutions (UK) Ltd which owns and operates the Scarborough Tourism Economic Activity Monitor (STEAM), which approaches the measurement of tourism at a local level from the supply side (i.e. accommodation, attractions). STEAM quantifies the local economic impact of tourism, from both stay and day visitors.