Official figures from the Office for National Statistics reveal visits to the UK by overseas residents are up by six per cent in the year to date. Holiday visits continue to grow and are up eight per cent over the past twelve months compared with a year earlier.
The UK’s outbound market fell at the fastest rate on record last year as businesses slashed budgets by a quarter whilst leisure travellers opted to holiday at home, according to new data from the Office for National Statistics.
Foreign visitors spent less in Britain at the end of last year, despite a sharp fall in the Pound making hotels, shops and restaurants cheaper. The latest figures from the Office for National Statistics show the number of visitors to the UK in the last three months of last year slumped 12.5 percent to 7.45 million.And despite the extra spending power of the Euro and the US dollar against the Pound, the total amount of spending by foreign visitor fell 1 percent from the same quarter last year to £4 billion.