As everyone knows we have a rather large balance of payments deficit in the UK, the difference between the value of what we sell in exports and what we spend on imports. For this reason the government and, presumably, all of us are delighted whenever we hear of large foreign orders being won by British companies. Those who export deserve to be treated as heroes by all who depend on a strong domestic economy.
But it isn’t only big manufacturers who manage to bring in the Dollars, Euros and Yen. Each and every overseas guest staying at a British hotel represents an export, sometimes worth thousands of pounds each. So when hoteliers travel around the world, as they do, to build relationships with travel agents, tour operators and foreign journalists, they are making a real contribution towards reducing that deficit.
Even with a strong pound, a higher rate of VAT on accommodation than our competitors and the ever so slight chance of rain, this country remains one of the top seven tourist destinations in the world. An export success worth making a fuss about, I’d say.