United Kingdom Tourism Report - Business Monitor International - Industry Reports

United Kingdom Tourism Report

United Kingdom Tourism Report - Business Monitor International - Industry Reports
United Kingdom Tourism Report
Published Jul 23, 2016
33 pages — Published Jul 23, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

A weaker scenario for domestic tourism spending would be triggered by a full recession. This would require a downgrade in our forecasts from the -.- average growth in local currency terms that we are currently forecasting for domestic spending on hotels and restaurants, to an average of - over the five- year period to ----, with potential for negative growth. ...A weaker scenario for domestic tourism spending would be triggered by a full recession. This would require a downgrade in our forecasts from the -.- average growth in local currency terms that we are currently forecasting for domestic spending on hotels and restaurants, to an average of - over the five- year period to ----, with potential for negative growth. Should the UK fall into recession, we would expect to see a contraction in the domestic tourism market in two key ways. ...Uncertainty in the domestic economic market will lead to delays in much-needed transport infrastructure projects, including the vital expansion at London airports.

...Air travel infrastructure is extensive in the UK, and the country s various international airports boast extensive regional and global connectivity. The impact of Brexit on flight availability will take some time to clarify; however, in the immediate aftermath of the vote some airlines are making changes to flight routes. ...Air travel infrastructure is extensive in the UK, and the country s various international airports boast extensive regional and global connectivity. Budget airline Jet- has announced plans to add more than half a million seats available from Birmingham airport to various European destinations including Ibiza, Alicante, Faro and Malaga from June ----. Manchester airport is also reportedly planning on expanding routes to various Asia Pacific destinations (including China and India) and North America. ...Indeed, the fall in the value of the pound will make the country more affordable for many visitors. The outbound travel market is now expected to show slower growth of -.- in ---- (against a previous forecast of -.- ) as the aforementioned drop in value of the pound makes overseas travel more costly and as the wider economy slows, creating pressure on household spending capacity.

...The UK s broad range of attractions, excellent transport and accommodation infrastructure and lack of visa restrictions for many markets will ensure the tourism industry continues to grow. This, combined with the positive impact of sterling s loss in value, has led us to make an upwards revision to our arrivals figures over the forecast period, with the inbound travel market reaching over --mn by ----. ...

  
Source:
Document ID
2044-5873
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "United Kingdom Tourism Report" Jul 23, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Tourism-Report-2026-1942>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Tourism Report Jul 23, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Tourism-Report-2026-1942>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.