Description
– Provide an overview of the UK tourism sector
– Discuss the contribution of the tourism sector to the UK and the World economy (provide some relevant data, graph in support)
– Discussion of UK’s BoP current account – main trade partners, main exports and imports, balance of trade etc.
– Discuss UK’s export and import of tourism services
– Discussion of UK’s BoP financial account – tourism inward and outward investment flows
– Discussion of UK’s areas of competiveness (underpinned by relevant theory)
– Discuss how the current pandemic crisis impacting the UK tourism sector (provide some facts and figures to support your arguments)
– Discussion of WTO global rules of trade and how they will impact the areas of competitiveness identified previously
– Discussion of the post-Brexit sterling exchange rate, its relatively recent past evolution and how it affected UK’s tourism
– Make some feasible recommendations on how UK’s tourism sector overcome the current challenges due to the pandemic