WTTC says lack of domestic travel hindering UK economic recovery

According to the World Travel and Tourism Council (WTTC), Britain’s economic recovery will be hampered by a lack of inbound travel once flights to Orange List countries resume.

New data collected by ForwardKeys, a travel and analytics company and WTTC knowledge partner, shows that there has been an 113% increase in booked tickets to Germany every week; Croatia grew by 69%; Sweden 68%; Portugal 65% and Albania 64%.

The data shows airline tickets booked for international travel outside the UK increased by an average of 24% in the week of 13 July compared to the previous week.

Weekly airline tickets for future travel to traditional destinations in the UK have exceeded pre-pandemic levels, with Greece being the most popular destination, up 211% from 2019. Croatia also hit weekly ticket levels in the last week before the pandemic ($107%), while tickets for trips to Spain, which reached 88% of 2019 levels, are rising.

This research suggests that the UK economy, which is dependent on the expense of international visitors, has no two-way traffic. Based on 2019 levels, rising coronavirus cases and a lack of international visitors through July due to the UK government’s quarantine rules have cost the UK economy £639 million every day.

According to the WTTC’s Economic Impact Report (EIR) 2021, spending by international visitors contributed £35.6 billion to the UK economy, or 4.9% of total exports, in 2019 before the pandemic broke out. This fell to £10.1 billion in 2020 due to global travel restrictions and contributed to 1.7% of total exports. Overall, this was a drop of 71.6% or £25.5 billion.

See also  Up to bn 3.5bn Falluo scheme cash has been misappropriated UK job fallow scheme

Virgin Messina (Photo)The WTTC Senior Vice President said: “The UK’s economic recovery is being hampered by a lack of international visitors due to an increase in the number of British travellers. While the pauses help boost the economy, they are losing £1 every day. Not enough to replace 639 million.”

Messina said: “If the situation persists, the UK will lose much-needed revenue from international travel, benefiting all levels of the economy beyond the travel and tourism sectors. While daily trips are limited, travel and tourism companies will need to do more. facing greater pressures that are driving them to the brink of bankruptcy. Meanwhile, Europe continues to enjoy the financial benefits of British travelers returning to their markets.”

Juan Gómez García, Senior Insights Expert at ForwardKeys commented, “While seeing the increase in issued summer travel tickets in the UK is comforting, the question remains. Will these numbers manage to surpass pre-pandemic levels in these destinations.” ? “

You May Also Like

About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

Leave a Reply

Your email address will not be published. Required fields are marked *