KN92144

KEY NOTE Market Review : TRAVEL & TOURISM UK : October 2004

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This report covers: travel, and, tourism, internal, UK, international, transport providers, airports, airlines, sea, road, rail, accommodiation providers, travel agents, tour operators, low cost airlines, key trade associations, holiday reepetition, abroad, Great Britain, Hotel guests,

Companies covered include: GB, UK, hotels, Choice hotels, Europe, Arriva, Stagecoach, The Go-Ahead Group, British Airways, Britannia Airways, FirstGroup, National Express, P & O Ferries, TUI, Bus & Coach , operators, train, airline, Corus & Regal Hotels, De Vere Group, fHilton, InterContinental Hotels, Group, Jarvis, Hotels, Le Meridien, Macdonald Millennium & Copthorne, Premier Travel Inn, Queens Moat Houses, Thistle Hotels, Travelodge, Bourne Leisure, Holidaybreak, Holiday Cottages, Holiday Camps, MyTravel, First Choice, Thomas Cook, Charter Airlines, MyTravel Airways, First Choice Airways, Monarch Airlines, Thomas Cook Airlines,

EXECUTIVE SUMMARY

Executive Summary

In 2003, expenditure on UK travel and tourism (excluding international fares) was £67.32bn, a rise of around 3% on 2002. In 2003, 237.3 million trips and 1.31 billion overnight stays were made.

The UK travel and tourism industry serves three main markets — domestic (tourism by UK residents within the UK), outbound (tourism by UK residents travelling abroad) and inbound (tourism by overseas residents travelling to the UK).

The Domestic Market

In 2003, the domestic travel and tourism market accounted for 63.6% of trips, 37.3% of bed nights (overnight stays) and 39.3% of total expenditure in the travel and tourism industry (excluding international fares). 71.1% of tourist trips were taken by UK residents, although the domestic market accounted for just 44.2% of bed nights. In 2003, expenditure on domestic tourism accounted for 47.8% of the total UK residents' expenditure on travel and tourism (excluding international fares) and reached £26.48bn.

Holidays dominate the domestic travel and tourism market. Although the domestic market contracted considerably in volume terms between 1999 and 2003, the proportion of domestic tourism accounted for by holidays and other purposes remained relatively constant. The contraction in demand was experienced across all sectors of the market, irrespective of the segmentation categorisation, including purpose, mode of transport, type of accommodation and type of destination. However, there is an underlying trend away from domestic travel towards outbound travel, which suggests that domestic travel and tourism is increasingly uncompetitive compared with outbound travel.

Key Note forecasts that, in 2004, the domestic market will grow marginally, followed by small annual increases between 2005 and 2008. There is unlikely to be any major innovations in the domestic market and the range, variability and competitiveness of the outbound market will continue to take share away from the domestic market.

The Outbound Market

In 2003, the outbound market accounted for just 25.9% of trips, but 47.1% of bed nights and 43% of total travel and tourism expenditure (excluding international fares). In 2003, expenditure on the outbound market was £28.94bn, 9.3% higher than the level recorded for domestic tourism.

TABLE OF CONTENTS

Text © 2004 Key Note

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Last updated by Amanda Porteous February 2004