Weak dollar hits UK tourism

15 November 2007 by
Weak dollar hits UK tourism

High prices, the worsening economy and the weak dollar are beginning to hit the hospitality sector with one million fewer tourists visiting the UK during the three months to September, compared with the same period in 2006.

Tim Helliwell, head of hotel finance at Barclays Commercial Bank, said the scale of the drop was worrying.

"A fall in visitors from the USA was expected, given the continued weakness of the dollar, but this drop is far broader than expected," he said.

"All of the evidence points to a notable decrease in business travellers as companies react to current market conditions and their possible impact on the wider economy. With the number of major deals in the pipeline slowing there's just less of a reason to leave the office."

"The price of air travel is also increasing, as airlines pass on rising fuel costs to passengers. Hoteliers will be hoping that these begin to come down to encourage more leisure visitors to visit the UK," Helliwell added.

Tourism chiefs say financial problems will not damage industry >>

London falls out of favour with US tourists >>

Tourist spend falls for first time since 2003 >>

By Daniel Thomas

E-mail your comments to Daniel Thomas here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking