5 Factors Affecting Inbound and Domestic Tourism
5 Factors affecting inbound and domestic tourism * Health, safety and security * Economic recession in the UK * Exchange rates * Weather * Accessibility
Economic recession in the UK
When the UK economy is doing well, its pound sterling is strong. However, having a strong pound actually discourage visitors from overseas because when they exchange their money in pound they will be getting less money, so it make visiting UK expensive and it deter inbound visitor from visiting UK.
Regardless to that when UK is in a recession the sterling is weak which means that overseas visitor can get more pounds for their money and would find UK much more cheaper which encourage inbound visitor to visit the UK. A recession can occur in any country and affect travel and tourism in the same way.
For example the global recession during 2009, this had affected travel and tourism everywhere. The VisitBritain statistic shows that during a recession visitors from North America were down by 21% from 2008. Also visit from accession (European Union (EU)) countries were down by 24% and that visits from other countries were down by 17%.
However as countries emerge from recession, people start to travel again. In 2009, there was an increase in visitors to the UK from Germany as the country came out of recession.
The recession however affect domestic tourism as well as the international tourism. The amount of Domestic tourist decrease to a fewer trips and they tend to spend less money during their trips.
Tourism trips taken in the UK during 2007-2008
Tourism trips taken in the UK during 2007-2008
Exchange Rates
Foreign exchange rates allow for fluid transactions to occur between people and businesses throughout the world. In principle, fluctuations in exchange rates are meant to equalize geopolitical imbalances, but they often affect local and national business environments. One of the most commonly affected industries is tourism, especially in a
Economic recession in the UK
When the UK economy is doing well, its pound sterling is strong. However, having a strong pound actually discourage visitors from overseas because when they exchange their money in pound they will be getting less money, so it make visiting UK expensive and it deter inbound visitor from visiting UK.
Regardless to that when UK is in a recession the sterling is weak which means that overseas visitor can get more pounds for their money and would find UK much more cheaper which encourage inbound visitor to visit the UK. A recession can occur in any country and affect travel and tourism in the same way.
For example the global recession during 2009, this had affected travel and tourism everywhere. The VisitBritain statistic shows that during a recession visitors from North America were down by 21% from 2008. Also visit from accession (European Union (EU)) countries were down by 24% and that visits from other countries were down by 17%.
However as countries emerge from recession, people start to travel again. In 2009, there was an increase in visitors to the UK from Germany as the country came out of recession.
The recession however affect domestic tourism as well as the international tourism. The amount of Domestic tourist decrease to a fewer trips and they tend to spend less money during their trips.
Tourism trips taken in the UK during 2007-2008
Tourism trips taken in the UK during 2007-2008
Exchange Rates
Foreign exchange rates allow for fluid transactions to occur between people and businesses throughout the world. In principle, fluctuations in exchange rates are meant to equalize geopolitical imbalances, but they often affect local and national business environments. One of the most commonly affected industries is tourism, especially in a