Page 40 - WTM Cities Report

Travel landscape: Brexit shapes travel performance
Brexit, and the subsequent fall of the pound, have had a major impact on the travel industry in the UK, with arrivals growing by 5.2% in 2017; outbound departures are forecast to decelerate in 2017, as UK consumers have less money to spend abroad.
2017 was a positive year for inbound arrivals, but with the terrorist attacks in London and Manchester, arrivals growth is expected to slow in 2018 to 2.6%.
Source: Euromonitor International
Note: Inbound Arrivals and Outbound Departures are in volume (trips), while all other categories are in value (GBP).
Inbound Performance 2010–2020
RAIL REvOLUTION
14% 12% 10%
8% 6% 4% 2% 0%
-2% -4%
2010 2011
2012 2013
2014 2015
Hotels
2016 2017 Short-Term Rentals
Inbound Arrivals
2018 2019 2020
© 2017 Euromonitor International 37
Y-o-y growth