Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UK sees biggest fall in foreign visitors since 2009

Published 11/10/2018, 12:02
Updated 11/10/2018, 12:02
© Reuters. FILE PHOTO: A British Airways Boeing 747 comes in to land at Heathrow airport in London

LONDON (Reuters) - The number of foreigners visiting Britain for tourism or work fell by the most in nearly a decade during the three months to June, showing the country could not sustain the record numbers achieved a year earlier in the wake of 2016's Brexit vote.

The pound's fall after Britain voted to leave the European Union in June 2016 made the country a cheaper holiday destination, boosting visitor numbers in the second and third quarters of 2017 - peak holiday season - to record highs.

However, Thursday's data from the Office for National Statistics show Britain has been unable to sustain these gains, with the segment of highly price-sensitive visitors possibly having been exhausted.

Foreign visitor numbers in the three months to June dropped by 7.7 percent compared with a year earlier to 10.038 million, the largest percentage drop since the depths of the global financial crisis in early 2009.

The number of North American visitors fell by 10 percent, European visitors dropped by 8 percent and there was a 6 percent fall in visitors from elsewhere.

Tourism, the most common reason for a visit, was down by 8 percent, business trips fell by 15 percent while visits to see friends and family rose by 6 percent.

Total spending by foreign visitors fell by 10.3 percent compared with a year earlier to 5.839 billion pounds.

The ONS offered no reasons for the declining numbers.

The number of Britons travelling abroad barely changed at 19.868 million, and their spending held steady at 11.629 billion pounds. More Britons visited North America at the expense of other non-European destinations.

© Reuters. FILE PHOTO: A British Airways Boeing 747 comes in to land at Heathrow airport in London

Last year the United Nations estimated Britain was the world's seventh-biggest international tourist destination by visitor numbers, slipping one spot in the rankings behind Mexico. The most visited country was France.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.