The UK’s outbound tourism industry is not expected to resume growth until 2012, with package holidays leading the recovery due to their value-for-money and protection they provide customers, according to a new study.
The number of British holidaymakers heading overseas has fallen sharply, as travellers remain wary of nonessential spending during the ongoing recession. However, visits to the UK have remained relatively stable.
BAA has warned that it was facing a tough 2010 with Heathrow the only one of its six airports to register a rise in traffic. Its Scottish airports were badly hit by the collapse of Flyglobespan, as well as by adverse recent weather.
Outbound travel activity from the UK has been hardest hit in Europe in 2009, according to the latest trend report from ITB. The UK market fell 15%, followed by Russia at 12% lower. Austria was the only nation to report gains, up by 2%.
Latest figures from the UK’s Office of National Statistics have shown that the number of Britons travelling overseas has slumped 10 percent over the past year. Travel to North America has been hardest hit, with 15 percent fewer Britons crossing the pond. Trips to mainland Europe were down 10 percent, and the rest of the world 9 percent lower.
Forty three per cent of top executives are saying goodbye to their holiday plans this summer because of the recession, according to a study by TheLadders.co.uk released today.