United Kingdom Tourism Report Q4 2016

Date: July 27, 2016
Pages: 33
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: Tourism is a very well-established industry in the UK, accounting for more than 3mn jobs, and the sector is a substantial contributor to the domestic economy. The UK's inbound tourism market is among the top 10 largest globally and is supported by a significant domestic tourism industry. While the UK's decision to exit the EU in the June referendum certainly has implications for the tourism sector, the maturity of the industry and the range of attractions the UK offers mean this will remain a strong tourism destination in a competitive region.

Key Updates And Forecasts
  • Air travel infrastructure is extensive in the UK, and the country's various international airports boast extensive regional and global connectivity. The impact of Brexit on flight availability will take some time to clarify; however, in the immediate aftermath of the vote some airlines are making changes to flight routes. US-based Delta, for example, is cutting 6% of its flights to the UK from its winter schedule.
  • Other airlines are, however, expanding services. Budget airline Jet2 has announced plans to add more than half a million seats available from Birmingham airport to various European destinations including Ibiza, Alicante, Faro and Malaga from June 2017. Manchester airport is also reportedly planning on expanding routes to various Asia Pacific destinations (including China and India) and North America.
  • In light of the Brexit vote we have adjusted our forecasts for the UK's travel market this quarter. The inbound market is expected to see growth of 3.0% in 2016 (compared with a previous forecast for 2.3% growth). Indeed, the fall in the value of the pound will make the country more affordable for many visitors.
  • The outbound travel market is now expected to show slower growth of 2.7% in 2016 (against a previous forecast of 3.6%) as the aforementioned drop in value of the pound makes overseas travel more costly and as the wider economy slows, creating pressure on household spending capacity.
BMI Industry View
  Table: Key Forecasts (United Kingdom 2013-2020)
Industry Forecast
  Table: Inbound Tourism (United Kingdom 2013-2020)
  Table: Tourism Receipts (United Kingdom 2013-2020)
  Table: Hotel Accommodation (United Kingdom 2013-2020)
  Table: Tourist Departures and Consumption (United Kingdom 2013-2020)
Industry Risk/Reward Index
  Table: Western Europe Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
  Table: Domestic Hotel Groups
International Hotel Groups
  Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
Skip to top

United Kingdom Tourism Report Q1 2016 US$ 1,295.00 Jan, 2016 · 31 pages
United Kingdom Tourism Report Q2 2016 US$ 1,295.00 Apr, 2016 · 31 pages
United Kingdom Tourism Report Q3 2016 US$ 1,295.00 Jul, 2016 · 31 pages
Cafés/Bars in the United Kingdom US$ 990.00 May, 2016 · 30 pages

Ask Your Question

United Kingdom Tourism Report Q4 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: