Tourism industry reaches record heights in the UK

Published on : Wednesday, October 11, 2017

UKThe United Kingdom is luring a record number of international and British visitors interested to make the most of a limping pound.

 
As per VisitBritain, a tourist promotion agency declares that overseas trips to the UK have a tendency to increase 6 percent to 39.7 million this year with spending up 14% to £25.7bn.

 
The growing number of overseas tourists is being further added by an increasing number of Britons selecting to vacation in homeland. From January to June 2017, overnight stays domestic in England increased by 7 percent to a record 20.4 million, followed by visitors spending £4.6bn – an increase of 17 percent and another record.

 
Much of the raise in terms of domestic and international tourism has been propelled by a remarkable droop in pound value ever since the vote of Brexit in last summer, chiefly against the euro and US dollar. This meant foreign currencies go further in the UK, whereas international vacations have become more costly for British holidaymakers.

 
Highlighting the significance of the £127bn annual tourism sector to the economy, British Tourist Authority Chairman Steve Ridgway cautioned that “in a fiercely competitive global industry you cannot just build a strong, resilient industry on a weaker currency”.

 
“Two-and-a-half times bigger than the automotive industry, employing three million, tourism is one of our most successful exports and needs no trade deals to compete globally,” he said.

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