International Passenger Survey - Revenue for the year to October 2017 showed a 10% increase. Holidays and long-haul travel are the key growth areas, while business tourism remained depressed compared to the previous year. Tourism from North America seems to have dropped significantly down 11% over the three months to October 2017 while still showing an 11% increase for the year as a whole. Despite the fall in the value of the pound and a spike in inflation, outbound tourism is still holding up a lot better than would have been presumed. Down just 1% in volume and 2% in expenditure.
GB Tourism Survey - Visitor numbers are down 1% to 90.4m and expenditure up just 1.9% to £18.3bn, which is lower than the rate of inflation. As with the IPS figures, there are significant differences between different forms of tourism. Holidays are doing well with visitor numbers up 5.4% (to 47.4m) and expenditure up 6% to £11.4bn. Meantime VFR is subdued with numbers down 3.1% to 29m and spend down 0.8% to £3.3bn. However, business tourism, is shown tracking way down at -10.6% in volume (to 11.5m) and -7.6% in value (to £3.0bn).