Tourism and Lifestyle

Source Market Insights: United Kingdom

  • CAN222876
  • 25 Pages
  • May 2015
  • Tourism and Lifestyle
Summary
Source Market Insights; United Kingdom provides an overview of the Britishoutbound market, analyzing market data and providing insights. This report provides a better understanding of the number of British tourists going abroad, their spending habits, and main the destination markets.

Key Findings
- The UK outbound market performed well in 2014, growing by4.7% to 59.6 million trips. This is partly due to a growing economy and fallingunemployment rates

- Although total outbound expenditure grew in 2014, average spending per trip remained stable in 2014. Holiday budgets are still very tight, due to the fact that inflation has been growing faster than wages in recent years

- The Euro has been declining since the start of 2015, which makes it cheaper for British citizens to go to Europe. In addition, family travel has been increasing, with the fastest growth seen in the 0-15 age group as package deals became more popular in 2014

- The US, Ireland, and the Netherlands were the fastest-growing outbound destinations in 2014. The US benefited from a favorable USD-GBP exchange rate, while Ireland saw a 25% increase in UK leisure tourists in 2014. The Netherlands remains popular for a short city break

Synopsis
- The report provides detailed market analysis, information, and insights, including:

- Detailed analysis of the market trends in the British outbound tourism sector

- Historic and forecast tourist volumes covering the entire British outbound tourism sector

- Detailed analysis of spending patterns of British tourists abroad

ReasonsToBuy
- Make strategic business decisions using historic and forecast market data related to the British outbound tourism sector

- Understand the key market trends and growth opportunities in the British outbound tourism sector, along with key trends and grow opportunities

Key Highlights
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