UK outbound numbers to return to pre-recession levels by 2017

UK outbound numbers to return to pre-recession levels by 2017

UK outbound figures will not return to pre-crisis levels until 2017, according to forecasters. Euromonitor International had originally said that expenditure would return by 2014 in a press statement but pushed it back to a further three years in a speech to WTM Vision Conference delegates today. Caroline Bremner, head of travel and tourism research at Euromonitor International said that the number of travellers in three years would be 10% lower than figures in 2008 but outbound receipts would total US$38.6 billion, US$2 million more than 2008. “In 2017 we should see a return to pre-crisis levels [of travelling overseas],” revealed Bremner. “Figures are 10 million down but this could be that consumers are switching to domestic travel, which has been performing well with four to five percent increases.” Euromonitor’s latest report has predicted that 56.2 million Brits will travel overseas this year (up from 50m in 2010) and this is expected to increase to 58.3m, 58.7m and 59.6m in the next three years respectively. Bremner explained that expenditure would be higher for overseas holidays as consumers opt for value-for-money over price. She said destinations such as Turkey, Greece and Spain would remain popular.

Gary Marshall
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Gary Marshall
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