United Kingdom Tourism Report Q1 2016
BMI View: The UK has a large and well-established tourism industry, welcoming high volumes ofinternational visitors alongside an extensive domestic travel market. Although growth in tourism arrivalswill remain relatively low over our five-year forecast period to 2019, visitor numbers are already very high,and the hotel industry is expected to record healthy increases in value throughout. The country's extensivetransport infrastructure and openness to foreign investment also serve to make the UK a highly attractiveprospect for tourism-related investment.
Key Updates And Forecasts
The government is highly supportive of the tourism industry, and in its Autumn Statement announced thelaunch of a GBP40mn Discover England Fund to promote tourism alongside USD60mn for the ongoingGREAT tourism campaign.
Expansion of air travel to and from London has received another blow with the announcement that adecision on when and where to expand London's airports has now been delayed until mid-2016. The UK'sbusiest airports, Heathrow and Gatwick, are campaigning for the construction of a new runway.
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