Published on : Saturday, June 17, 2017
In April of this year, a record number of overseas visitors came to the UK, spending record amounts of money in shops, hotels and restaurants. This is indeed a good news and boost for UK tourism after steep fall in sterling.
But the pound’s downfall has forced cash-strapped Britons to stay at home or cut their spending overseas.
The falling pound has sent holiday costs soaring for British travellers, with bureaux de change at Gatwick airport giving holidaymakers just €0.98 for £1 this week, while at Southampton airport the rate has fallen to just €0.90.
But these figures for visits to the UK were before the recent terrorist attacks in London. After the attacks, many visitors were staying away from some of the UK’s biggest attractions. Chinese visitors shopping for bargains in London have assisted luxury goods companies get good business, but Visit Britain said the biggest increase in long-haul passengers has been from North America. So far this year, 16% more Americans and Canadians have visited the UK compared with the same period last year. Tourism is worth £127bn annually to the UK economy, said Visit Britain director Patricia Yates.
To quote Yates, “Tourism is one of Britain’s most valuable export industries and it is very encouraging to see this continued growth as we head into the peak summer season and beyond. We continue to drive home the message of value and welcome globally, particularly in our high spending markets China and the US and the valuable European market.”
Tags: UK Tourism