A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase in arrivals from North America, brought on by the devaluation of the British pound following the June EU Referendum.
According to the International Passenger Survey conducted by the UK Office for National Statistics, arrivals from North America were up 6.8 per cent between July and October 2016 when compared with the same period in 2015.
From January to June, the “pre-Brexit” vote period, arrivals from North America increased at a more modest rate of 0/5 per cent compared with first six months of 2015.
Meanwhile, arrivals from Europe have dropped off slightly following the referendum, down 0.1 per cent between July and October 2016.
Overall during the first ten months of 2016, international arrivals to the UK were up 1.7 per cent to 31.4 million.
October 2016 year-to-date figures also show that holiday arrivals to the UK were down 3.7 per cent overall.But between July and October, this rate of decline slowed somewhat to 2.9 per cent.Meanwhile, business trips to the UK still showed growth in 2016, but slowed from 4.3 per cent between January and June to 1.8 per cent between July […]