The total impact on the economy during the January to July 2020 period as a result of self-catering related tourism business turnover lost and subsequent supply chain spend associated with this lost turnover was approximately £2.3 billion. Approximately £645 million of this turnover was lost in the self catering accommodation sector, approximately £1 billion visitor spend in other sectors from those that would have been staying in self catering accommodation and approximately £589 supply chain spend on the purchase of local goods and services which would have been associated with this amount of turnover.
Key findings:
Download the report: PASC ASSC COVID-19 Business Impact Survey for the UK Self Catering Sector FINAL REPORT CLIENT 051020