Brits’ spending on outbound travel rose 4% in 2014Posted: January 29, 2015
Spending on overseas trips by UK holidaymakers increased by 4% during 2014, according to the latest figures from UNWTO (United Nations World Tourism Organisation).
This increase was part of a “pick-up” in spending by “traditional” outbound markets such as the US, France and Italy which all saw rises in expenditure on international trips last year. This helped to offset slowdowns from some emerging markets such as Russia and Brazil.
UNWTO figures show that total global international tourist arrivals rose by 4.7% in 2014 to 1.14 billion, and the organisation is predicting a further growth of 3-4% in 2015.
Taleb Rifai, UNWTO’s secretary general, called tourism a “surprisingly strong and resilient economic activity” despite the global downturn in the past few years.
“This has been true for destinations all around the world, but particularly for Europe, as the region struggles to consolidate its way out of one of the worst economic periods in its history,” added Rifai.
The Americas and Asia-Pacific saw the strongest growth in international tourism in 2014 with rises of 7% and 5% respectively. Tourist arrivals from Europe increased by 4%.
“We expect demand to continue growing in 2015 as the global economic situation improves even though there are still plenty of challenges ahead,” said Rifai.
“On the positive side, oil prices have declined to a level not seen since 2009. This will lower transport costs and boost economic growth by lifting purchasing power and private demand in oil importing economies.
“Yet, it could also negatively impact some of the oil exporting countries which have emerged as strong tourism source markets.”
Sourced by TTG Digital