Travel in the United Kingdom

September 2023 | 47 pages | ID: T3C12EE4843EN
Euromonitor International Ltd

Abstracts

Two groups are contributing the most to growth of inbound travel to the UK in 2023. Visitors from the US continue to rise strongly in numbers in 2023, following considerable traffic the previous year. While they were early to take advantage of the lifting of COVID-19 restrictions, arrivals from the US have also been driven by the relative strength of the US dollar. Scotland is increasingly seen as an attractive destination for the US market with the strongest growth rates seen when pairing US vi...

Euromonitor International's Travel in United Kingdom report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2018-2022, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2027 illustrate how the market is set to change.

Product coverage: Booking, In-Destination Spending, Lodging (Destination), Tourism Flows, Travel Modes.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Travel market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Travel in the United Kingdom
Euromonitor International
November 2023

LIST OF CONTENTS AND TABLES

TRAVEL IN THE UNITED KINGDOM
EXECUTIVE SUMMARY
Travel in 2023 – US visitors and VFR inbound drive growth
Airlines: Key trends
Hotels: Key trends
Booking: Key trends
What next for UK travel?
MARKET DATA
Table 1 Surface Travel Modes Sales: Value 2018-2023
Table 2 Surface Travel Modes Online Sales: Value 2018-2023
Table 3 Forecast Surface Travel Modes Sales: Value 2023-2028
Table 4 Forecast Surface Travel Modes Online Sales: Value 2023-2028
Table 5 In-Destination Spending: Value 2018-2023
Table 6 Forecast In-Destination Spending: Value 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
TOURISM FLOWS IN THE UNITED KINGDOM
KEY DATA FINDINGS

2023 DEVELOPMENTS

Visits from the US and from friends and relatives drive inbound’s strong performance
Fewer but longer trips drive travel expenditure
PROSPECTS AND OPPORTUNITIES
Coronation and Eurovision Song Contest to raise awareness of the UK
VAT-free shopping as a potential driver of outbound spending
CATEGORY DATA
Table 41 Inbound Arrivals: Number of Trips 2018-2023
Table 42 Inbound Arrivals by Country: Number of Trips 2018-2023
Table 43 Inbound City Arrivals 2018-2023
Table 44 Inbound Tourism Spending: Value 2018-2023
Table 45 Forecast Inbound Arrivals: Number of Trips 2023-2028
Table 46 Forecast Inbound Arrivals by Country: Number of Trips 2023-2028
Table 47 Forecast Inbound Tourism Spending: Value 2023-2028
Table 48 Domestic Trips by Destination: Number of Trips 2018-2023
Table 49 Domestic Spending: Value 2018-2023
Table 50 Forecast Domestic Trips by Destination: Number of Trips 2023-2028
Table 51 Forecast Domestic Spending: Value 2023-2028
Table 52 Outbound Departures: Number of Trips 2018-2023
Table 53 Outbound Departures by Destination: Number of Trips 2018-2023
Table 54 Outbound Tourism Spending: Value 2018-2023
Table 55 Forecast Outbound Departures: Number of Trips 2023-2028
Table 56 Forecast Outbound Departures by Destination: Number of Trips 2023-2028
Table 57 Forecast Outbound Spending: Value 2023-2028
AIRLINES IN THE UNITED KINGDOM
KEY DATA FINDINGS

2023 DEVELOPMENTS

Cost-of-living crisis favours low cost carriers
Changing pricing dynamics for airlines
PROSPECTS AND OPPORTUNITIES
Decarbonisation journey for airlines
Loyalty programmes encourage consumers to buy directly from airline websites
CATEGORY DATA
Table 7 Airlines Sales: Value 2018-2023
Table 8 Airlines Online Sales: Value 2018-2023
Table 9 Airlines: Passengers Carried 2018-2023
Table 10 Airlines NBO Company Shares: % Value 2018-2022
Table 11 Non-Scheduled Carriers Brands by Key Performance Indicators 2023
Table 12 Low Cost Carriers Brands by Key Performance Indicators 2023
Table 13 Full Service Carriers Brands by Key Performance Indicators 2023
Table 14 Forecast Airlines Sales: Value 2023-2028
Table 15 Forecast Airlines Online Sales: Value 2023-2028
LODGING (DESTINATION) IN THE UNITED KINGDOM
KEY DATA FINDINGS

2023 DEVELOPMENTS

More affordable lodging options are on the rise in the UK
Less frequent trips, longer stays
PROSPECTS AND OPPORTUNITIES
Advancements are opening the doors for expansion in short-term rentals
Lodging’s focus on sustainability
CATEGORY DATA
Table 16 Lodging (Destination) Sales: Value 2018-2023
Table 17 Lodging (Destination) Online Sales: Value 2018-2023
Table 18 Hotels Sales: Value 2018-2023
Table 19 Hotels Online Sales: Value 2018-2023
Table 20 Other Lodging Sales: Value 2018-2023
Table 21 Other Lodging Online Sales: Value 2018-2023
Table 22 Lodging (Destination) Outlets: Units 2018-2023
Table 23 Lodging (Destination) Rooms: Number of Rooms 2018-2023
Table 24 Lodging (Destination) by Incoming vs Domestic: % Value 2018-2023
Table 25 Hotels NBO Company Shares: % Value 2018-2022
Table 26 Hotel Brands by Key Performance Indicators 2023
Table 27 Forecast Lodging (Destination) Sales: Value 2023-2028
Table 28 Forecast Lodging (Destination) Online Sales: Value 2023-2028
Table 29 Forecast Hotels Sales: Value 2023-2028
Table 30 Forecast Hotels Online Sales: Value 2023-2028
Table 31 Forecast Other Lodging Sales: Value 2023-2028
Table 32 Forecast Other Lodging Online Sales: Value 2023-2028
Table 33 Forecast Lodging (Destination) Outlets: Units 2023-2028
BOOKING IN THE UNITED KINGDOM
KEY DATA FINDINGS

2023 DEVELOPMENTS

Package holidays and cruises boost sales through travel intermediaries
Consumers spending more on travel despite headwinds
PROSPECTS AND OPPORTUNITIES
Travel spending tipping point
Personalisation key to remaining competitive
CATEGORY DATA
Table 34 Booking Sales: Value 2018-2023
Table 35 Business Travel Sales: Value 2018-2023
Table 36 Leisure Travel Sales: Value 2018-2023
Table 37 Travel Intermediaries NBO Company Shares: % Value 2018-2023
Table 38 Forecast Booking Sales: Value 2023-2028
Table 39 Forecast Business Travel Sales: Value 2023-2028
Table 40 Forecast Leisure Travel Sales: Value 2023-2028