The UK Holiday industry is growing

Ride the wave of tourism success

The UK holiday property market has performed very strongly in recent years
and the growth looks set to continue.

- Research by Mintel found that the good summer weather over the past
few years has seen an increase of 4.7% in domestic holidays. This has
equated to a 6.2% increase in tourism expenditure.


- The value of Sterling has dropped by up to 20% since the Brexit vote.
Brits get less value by going abroad and are seeing the obvious monetary
advantages of holidaying in the UK.


- Shorter breaks with less travel time are now more popular.
Accommodation operators Holiday Cottages reported a 74% increase
in short break stays.


- According to Visit Britain, inbound tourism grew by 1.7% in 2019
with spending increasing by 9.1% to £25.0bn. Forecasts for 2020
predict visitor growth of 2.9% and spend by 6.6%

 

- A +5.5% increase in the total number of holiday lets available. It’s estimated
that there are now approximately 165,000 HPL in the UK

UK Tourism & Staycation Economy

  • Tourism market size £137b forecast growth 87.5% to £257b by 2025 (Deloitte ONS)
  • International tourist spend grew buy 7.9% in 2016 (World Travel & Tourism Council)
  • Last year domestic trips grew 5.6%, offshore trips grew by 2.5%
    (World Travel & Tourism Council)
  • 40% of UK adults expect to make multiple domestic trips in 2019 (Voucher Codes)
  • (36%) of Brits will opt for staycations over foreign travel in 2019 as a result of the uncertainty caused by Brexit (Voucher Codes)
  • Over half the population (56%) fear holidays will be more expensive as a result of Brexit (Sykes)
  • (47%) of Brits believe Brexit will make trips abroad more difficult (Sykes)