Business Services

Eurozone woes threaten tourism within Britain

VisitEngland chairman Penelope Cobham warned that the cheap euro now represents the biggest threat to the British tourism sector. Last week, a euro would have cost a UK buyer just over 71p, down from more than 80p at the same point in 2014. The number of domestic trips taken in England fell 9% last year and spending on these visits fell 3% to £18.1bn in 2014. Britons account for the majority of holidays taken in this country, with 53m overnight visits last year, making the annual decline worrying for businesses reliant on tourism. VisitEngland is applying for more money to create a regional fund and promote tourism outside the capital. Tourist trips to London have risen 39% since 2008, compared to 16% for the rest of England. Overseas visits to the UK increased 5.2% last year to 34.4m, more than 17m of which were to London.


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