Answer to Question #202977 in Management for Karina

Question

How much London Hospitality Businesses contribute to the Economy

Answer 1

In 2019 the hospitality sector contributed £59.3 billion in Gross Value Added to the UK economy, around 3.0% of total UK economic output. In the three months to September 2020, there were 2.38 million jobs in the hospitality sector in the UK, representing 6.9% of total UK employment.