United Kingdom
United States
Asia Pacific
Demand for holidays helps economy rebound in May
The pent-up demand for holidays has fuelled a surprising rebound in the UK economy.
It helped gross domestic product (GDP) grow by 0.5% in May, the Office for National Statistics (ONS) said.
This comes despite the cost-of-living crisis.
It contrasts a 0.2% drop in April.
Analysts had expected the economy to remain stagnant in May.
The ONS said growth in the services sector advanced thanks to summer holidays with travel agency and tour operation volumes up by 11%.
Darren Morgan, director for economic statistics at the ONS, said: “Road hauliers had a busy month, while travel agencies fared well with pent-up demand for summer holidays.”
New Chancellor Nadhim Zahawi welcomed May’s better-than-fexpected figures, but is not expecting a sustained rebound with inflation at 40-year highs.
“I know people are concerned so we are continuing to support families and economic growth,” he said:
Ray Monty
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel