Holiday parks worth over £700m to Scottish economy

Holiday parks are worth more than £700 million to the Scottish economy and support more than 5,600 full-time-equivalent jobs, according to research by the Scottish Caravan and Camping Forum (SCCF).

The report establishes the value of the sector to the economy and identifies the “significant” contribution that holiday parks make to the Scottish economy, according to the report’s authors.

It adds that the sector is of special importance to the rural economy, with caravan park visitors spending money in local areas by visiting tourist attractions, shopping, dining and spending on entertainment.

According to the figures, in the 12 months to October 2014, Scotland’s holiday park sector generated “gross direct, indirect and induced visitor expenditure” of £700.8 million. Gross direct visitor expenditure of £491 million was said to be higher than the £396 million recorded for the self-catering sector and the £86 million for the guest house/B&B sector. Net visitor expenditure came to £307.1 million.

SCCF chair David Key said: “The committee is delighted with the results because we have, for the first time, established the value of this sector to the economy. £700 million plus is a significant contribution, as is the 5,688 full-time-equivalent jobs. Caravan parks are important to the rural economy because parks employ local people and visitors spend money in the area.”

Long-term strategic planning is a key step to caravan and holiday park businesses maximising performance and reaching their full potential.

Milsted Langdon’s specialists will work with you to identify where you are now and where you want to be in the future, as well as defining your objectives and the actions you need to achieve them.

We can help with issues including cash flow projections and forecasting, to support proposals for funding for new developments and assist in raising finance. For more information, please contact us.

Posted in Caravans.