Trends and Factors
1. Factor- Weak pound
Trend- Less people travelling to Europe but more people form European countries coming into the UK
‘’Explanation and statistics- Figures released by Visit Britain showed that 4.9 million out of 25 million people who left Britain's shores in 2008 will try and save money by choosing a domestic setting. Upmarket and quirky B&BS reported an increase of nearly 70 per cent this year. ‘’ this shows me that because the UK has so much to offer people would rather spend less money and go on a stay cation or domestic holiday within the UK
The change in the fortunes of sterling, which has dropped by 13 per cent against the euro in the last two months, also means that more tourists are coming to Britain from the continent to make the most of cheaper prices. Holidaymakers are now receiving less than one euro to the pound.
The Office for National Statistics said tourist spending was up 11 per cent year-on-year in October, to £1.48 billion.
It’s not just the British wanting to stay in the UK it’s the Americans coming over from the US because the prices are decreasing “A strengthening dollar has also boosted the numbers of American visitors arriving to shop for Christmas presents, rather than Britons flying to the US.”
At Selfridges on London's Oxford Street, spending by US visitors is up 50 to 60 per cent on last year.
2. Factor- European holiday resort prices plunging despite weak pound
Trend- more people flying to Spain than anywhere else in Europe
If you're looking for a cheap holiday, Spain and Portugal will be best, according to a new Post Office Travel Money survey.
Despite the pound falling in value against the euro this year, holidaymakers planning trips to a European destination may find their holiday cash stretches further than expected because prices have plummeted in many popular resorts.
Spain and the Algarve have come out as the cheapest destinations in this year's Post Office Holiday Costs Barometer, which compared the cost of 10 holiday essentials across different European resorts.
Although sterling is worth 4.5 per cent less than in April 2012, this year's Post Office Holiday Costs Barometer reveals that prices are down by up to 20 per cent in Spain and almost 15 per cent in the Algarve.
3. Trend- Stay cation due to the recession
Factor- more people are going just on day trips rather than staying over at places
Day trippers and “staycationers”are are boosting the UK's economy, with British residents spending less abroad, according to Government figures.
Tourism day-visit expenditure by UK residents rose from £47 billion in 2009 to £57 billion in 2012, a 17% increase, the Office for National Statistics (ONS) reported. This day-trip spending accounted for 44% of all tourism expenditure in the UK last year.
Overall, in 2012, UK-based tourists and overseas tourists spent £129 billion on goods and services within the UK economy - up from £116 billion in 2008.
The ONS said “expenditure by UK residents on visits within the UK that include at least one overnight stay rose from £21 billion in 2008 to £25 billion in 2012 - an increase of 18%.”
In 2012, £32.5 billion was spent on visits abroad - a 12% decrease on 2008 levels.
At the same time, UK resident expenditure on visits abroad fell significantly from £36.8 billion in 2008 to £31.7 billion in 2009, a 14% decrease.
“Transport and travel services generated the most output, rising to £15 billion in 2011 from a low of £13 billion in 2009.”
One factor I found is that more people are flying from London especially Heathrow, because of the expansion, more people are flying from there than anywhere else. As you can see in the picture below in 2012-1013 Heathrow was the most flown from airport in the UK
Trend- Less people travelling to Europe but more people form European countries coming into the UK
‘’Explanation and statistics- Figures released by Visit Britain showed that 4.9 million out of 25 million people who left Britain's shores in 2008 will try and save money by choosing a domestic setting. Upmarket and quirky B&BS reported an increase of nearly 70 per cent this year. ‘’ this shows me that because the UK has so much to offer people would rather spend less money and go on a stay cation or domestic holiday within the UK
The change in the fortunes of sterling, which has dropped by 13 per cent against the euro in the last two months, also means that more tourists are coming to Britain from the continent to make the most of cheaper prices. Holidaymakers are now receiving less than one euro to the pound.
The Office for National Statistics said tourist spending was up 11 per cent year-on-year in October, to £1.48 billion.
It’s not just the British wanting to stay in the UK it’s the Americans coming over from the US because the prices are decreasing “A strengthening dollar has also boosted the numbers of American visitors arriving to shop for Christmas presents, rather than Britons flying to the US.”
At Selfridges on London's Oxford Street, spending by US visitors is up 50 to 60 per cent on last year.
2. Factor- European holiday resort prices plunging despite weak pound
Trend- more people flying to Spain than anywhere else in Europe
If you're looking for a cheap holiday, Spain and Portugal will be best, according to a new Post Office Travel Money survey.
Despite the pound falling in value against the euro this year, holidaymakers planning trips to a European destination may find their holiday cash stretches further than expected because prices have plummeted in many popular resorts.
Spain and the Algarve have come out as the cheapest destinations in this year's Post Office Holiday Costs Barometer, which compared the cost of 10 holiday essentials across different European resorts.
Although sterling is worth 4.5 per cent less than in April 2012, this year's Post Office Holiday Costs Barometer reveals that prices are down by up to 20 per cent in Spain and almost 15 per cent in the Algarve.
3. Trend- Stay cation due to the recession
Factor- more people are going just on day trips rather than staying over at places
Day trippers and “staycationers”are are boosting the UK's economy, with British residents spending less abroad, according to Government figures.
Tourism day-visit expenditure by UK residents rose from £47 billion in 2009 to £57 billion in 2012, a 17% increase, the Office for National Statistics (ONS) reported. This day-trip spending accounted for 44% of all tourism expenditure in the UK last year.
Overall, in 2012, UK-based tourists and overseas tourists spent £129 billion on goods and services within the UK economy - up from £116 billion in 2008.
The ONS said “expenditure by UK residents on visits within the UK that include at least one overnight stay rose from £21 billion in 2008 to £25 billion in 2012 - an increase of 18%.”
In 2012, £32.5 billion was spent on visits abroad - a 12% decrease on 2008 levels.
At the same time, UK resident expenditure on visits abroad fell significantly from £36.8 billion in 2008 to £31.7 billion in 2009, a 14% decrease.
“Transport and travel services generated the most output, rising to £15 billion in 2011 from a low of £13 billion in 2009.”
One factor I found is that more people are flying from London especially Heathrow, because of the expansion, more people are flying from there than anywhere else. As you can see in the picture below in 2012-1013 Heathrow was the most flown from airport in the UK