Uk Travel and Tourism Market Size, Analysis and Overview to 2020: Hexa Reports

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UK Travel and Tourism Market Share, Size, Trends,
Growth, Costs and Price, Analysis, Outlook and Overview to
2020

Summary
With the help of VisitBritain's (tourist board of Great Britain) tourism promotional efforts, the UK's
tourism sector depicted growth during 2010-2015, when domestic and inbound tourist volumes rose at
a CAGR of 1.99% and 3.81% respectively. The growth in outbound tourism was supported by the
improved economic growth in the same period.
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Key Findings
The UK's travel and tourism sector depicted growth during 2010-2015, supported by an increase in
international arrivals at a CAGR of 3.81%. Moreover, with VisitBritain's (tourist board of Great Britain)
plans for promoting tourism, inbound arrivals are expected to grow over 2016-2020 at a CAGR of 4.47%.
Domestic and outbound tourist volumes rose at a CAGR of 1.99% and 3.6% respectively, which can be
largely attributed to improved economic conditions.
The number of departures reached 63.9 million by 2015 and Canadean expects the volume of outbound
tourists from the UK to rise at a CAGR of 4.26%, to reach 78.7 million by 2020. In order to strengthen the
UK's tourism, the Prime Minister announced a five-point tourism plan in 2015 that would not only
attract international visitors, but also help to create more jobs in the country.

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The plan consisted of five major aspects: Skills and jobs, transport, a better coordinated sector, common
sense regulation, and an improved welcome. Moreover, to promote rail tourism in the UK, the Prime
Minister declared a £0.73 million (US$1.1 million) 'Rail for Tourism innovation' competition which was
run by RSSB's Future Railways Programme. In this, the winners were to suggest ideas on how to
transform the travel experience...