Boston, MA -- (SBWIRE) -- 09/09/2014 -- Domestic tourism marginally declined in 2013 as the number of trips dropped by 1% to 131 million, while expenditure grew by 3% to GBP24 billion. Overall, the total number of domestic trips taken by UK residents has declined by around 25% since the peak of 174 million trips registered in 2000. Number of domestic trips by UK residents declined over the 2000-04 period, recovered to some extent in 2005, then declined further following the global economic decline, with the uncertain economic outlook impacting consumers' decision regarding taking a holiday. Consumers saw a reduction in their purchasing power, largely due to stagnant salaries, rising inflation and little appetite for taking on further debts. Over this period as a whole, domestic tourism saw a stronger performance than outbound tourism.

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Industry Prospects

The number of domestic trips over the forecast period is expected to see a slight decline as the economic situation improves and more UK consumers opt for foreign holidays, reflecting their preference for "guaranteed sunshine". Internet penetration is high in the country, a situation that allows consumers to choose from a very wide range of offers and last-minute deals for foreign holidays. However, the rise in public debt is casting a shadow over the economic recovery, which in turns is raising questions about how long the recovery will last. A change in the economic climate could have a significant impact on the number of domestic trips going forward.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tourism Flows Domestic industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tourism Flows Domestic industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tourism Flows Domestic in United Kingdom market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Tourism Flows Domestic in United Kingdom?  
- How dependent is United Kingdom on domestic tourism expenditure?
- What are the most popular destinations for domestic visitors?
- Which regions have the greatest number of star ratings?

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Product coverage: Domestic Tourism By Destination, Domestic Tourism Travel By Purpose Of Visit.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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