The UK has been outranked in tourist spending by its European rivals

Published on : Tuesday, June 12, 2018

UK outranked in touristIn tourist spending, UK has been outpaced by its rivals with the total representing around 1.6% of the economy, approximately a quarter below the European average of 2.1% of GDP.

 
The UK positioned behind France and Holland, where expenditure of tourists worth 1.7% and 1.8% of their economies respectively.

 
In a study, Britain ranked 23rd of 34 countries in the world, looking at spending by tourists, comprising inbound travel in the last two years as a percentage of the Gross Domestic Product (GDP) of the country by national accountancy group UHY Hacker Young.

 
However, of all 34 countries, UK ranked last, studied for the percentage change in terms of tourist expenditure with a 9% drop from $45.5 billion to $41.5 billion.

 
A principal reason behind the slower rate of growth in terms of tourist spending is that the UK is frequently not capable of upgrading tourist infrastructure capacity as fast as other emerging markets, according to the research.

 
The UK is stressed to add to airport capacity, with Heathrow by now operating at 98% and proposal for a third runway have just been finalized by government ministers after more than decade of debate.

 
By comparison, China is greatly investing in the infrastructure required for large numbers of international visitors. Beijing Daxing airport is all prepared to be world’s largest airport when it inaugurates in 2019 and Guangzhou’s new airport has expanded to house 100 million passengers every year.

 
In the UK, rate of growth in tourist spending in the last year in fact dropped 9% in spite of the slump in the value of sterling as a result of the Brexit vote.

 

Related Posts

Tags: ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 20 RAM20
  • 21 ameistanbul 2020
  • 22 BLTM Banner 2020
  • 22 iitm 2020
  • 22TTF 2020
  • 23 Emitt 2020
  • 24 OTM-Banner 2020
  • 25 aviation-festival-asia 2020
  • 25 fitur 2020
  • 30 GWS-2020
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. FITUR

      January 22 - January 26
    2. CINCINNATI TRAVEL, SPORTS & BOAT SHOW 2020

      January 22 - January 26
    3. FERIEN 2020

      January 23 - January 26
    4. VACANCES 2020

      January 23 - January 26
    5. TTF Chennai

      January 24 - January 26
Get our toolbar!
Review www.travelandtourworld.com on alexa.com