Since UK residents voted to leave the European Union there’s been no end to discussions about how it is inevitably going to impact on most areas of the UK economy. Insurance for arcades provider Lycetts recently took a close look at tourism and it seems the outlook, at least for the moment, looks positive. The UK has always been an attractive place to visit and it continues to be so.
A Barclays report has found that the staycation is becoming very popular with Brits. In its Destination UK report, it was revealed that more than a third of adults are actually choosing to holiday closer to home this year.
Some of the reasons behind those decisions are intriguing. 34% said choice was the main reason, stating ‘I would like to spend more time in the UK’. 32% said cost, 23% said, ‘I enjoyed a recent UK holiday and so am keen to replicate this’. 15% said the number of activities available here as a major reason, stating ‘there are more holiday activities in the UK than there were in the past’. Finally, 14% cited time as a main reason, stating ‘I have less time than I have had previously to holiday abroad’.
The report also stated that 40% of those looking into a UK-based holiday in 2017 are considering a city break and 37% are more inclined to visit and stay in a rural spot. Finally, and arguably most importantly, the report also suggest that UK’s economy is benefitting heavily from the staycation becoming more popular with Brits.
International travellers entering the UK
When surveying over 7,000 international holidaymakers, the Barclays’ Destination UK report found that positively, a huge 97 % wish to see the UK in person at some point in the future. Interestingly, 60 % said that they were actually now more interested in visiting the UK than they were 12 months previously.
With international visitors continuing to find the UK appealing it definitely provides a clear boost to the nation’s economy. VisitBritain has recently released official statistics which highlight that in January and February 2017 alone, overseas visitors spent £2.7 billion. It’s a not insignificant increase of 11% compared to 2016’s figures over the very same two months.
Speaking about the encouraging results, VisitBritain’s director Patricia Yates said, “Figures show that 2017 is off to a cracking start for inbound tourism, one of our most valuable export industries. Britain is offering great value for overseas visitors and we can see the success of our promotions in international markets. We must continue to build on our message of welcome and value in our high spending markets such as China, the US and the valuable European market.”