The United Kingdom consists of England, Scotland, Wales and Northern Ireland. It is situated in Western Europe, has the 7th largest national economy in the world and is the 8th most popular tourist destination, attracting an average of 30 million people every year. In 2013, the UK tourism industry accounted for £9.5 billion. Unsurprisingly, 1 in 12 jobs in the UK are associated with the tourism sector.
Whilst the tourism industry plays a large role in the UK’s economy, it isn’t the primary source of revenue. The service sector, which contributes the largest portion to the country’s GDP, is hugely supported by London, which is not only the UK’s capital, but the financial capital of the world. Areas including banking, telecommunications and information technology help to create a diverse economy on which the UK thrives.
With almost 25% of all visits to the UK for business purposes, the serviced apartment industry is therefore a key part in the accommodation and relocation aspects of these trips. Whilst a relatively young market, the serviced apartment industry has seen significant growth within the UK in recent years and its benefits have become widely known.
Key Facts
Capital: London
Population: 64 million
Currency: Pound sterling (£) (GBP)
Language: English (UK)
Dominant religion: Christianity
Time zone: (UTC ± 0)
Main Exports: Precious metals, Machinery, Oil
Internet Domain: .uk
International Dial Code: +44
