Ever since the UK voted to leave the EU in the very close vote discussions about how it’ll impact the UK economy have been endless. There’s been arguments to suggest that it’ll will flourish and, an equally compelling and intriguing arguments to suggest it will weaken it. Insurance for arcades specialists Lycetts has taken a specific look at the tourism sector recently and it seems there’s been positive signs following the decision to leave the union so far.
A Barclays report has suggested that the staycation is becoming more popular among Brits. In its Destination UK report, it was revealed that more than a third of adults across the country are choosing to holiday closer to home this year.
Reasons behind the decisions are interesting and understandable. 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 established 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. The report also suggest that UK’s economy is benefitting from the staycation becoming more popular with Brits.
International travellers coming to the UK
When surveying 7,000 international holidaymakers, the Destination Report found that a huge 97 % wish to see the UK in person within the coming months. 60 % said that they were in fact now even more interested in visiting the UK than they were 12 months ago.
With so many international visitors continuing to find the UK appealing it has provide a boost to the nation’s economy. And, VisitBritain remains positive, they’ve released official statistics which state that in January and February 2017 alone, overseas visitors spent a record £2.7 billion. It’s an increase of 11% compared to 2016’s figures over the same couple of months.
VisitBritain’s director Patricia Yates was in a delighted mood recently. She stated, “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.”