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Business Barometer shows low industry confidence despite increased bookings and revenue

Published: 24 Oct 2017

UKinbound's latest Business Barometer survey, compiled by Qa Research, has found that bookings, visitor numbers, and revenue yield are on-par or higher than 12 months ago. Conversely, confidence in future bookings and revenue is the lowest it has been since September 2016.

Relating to the months of July and August this year, 81% of respondents stated that revenue yield had either increased or stayed the same compared to the same period in 2016.

Comparatively, 72% of respondents experienced bookings/visitor numbers that were similar or higher than July and August last year. When analysing data from tour operator members this figure increased to 75%. Members stated that the weakness of the pound was the main reason behind the growth.

Chief Executive Deirdre Wells commented, "It's encouraging to hear from members that July and August were positive months with regards to visitor numbers, bookings, and revenue. However I am concerned that confidence is low amongst our members about future business.

"We need continued investment in tourism, a strong narrative promoting the UK as a welcoming destination, an immigration and visa system that's flexible to business needs and access to a skilled workforce. These issues need to be addressed to ensure that our members' businesses remain successful and we will continue to work with Government to ensure they are raised and addressed at all levels."

The survey also showed that China and USA remain the top growth markets, while Germany replaced France as the main declining market. 

The summary report can be found here.

London & Partners
Jupiter Hotels
Great Western Railway
Angela Shanley Associates corporate partner
City Cruises Gold Partner
Millennium and Copthorne Hotels
World Travel Market Portfolio
Jurys Inn
Macdonald Hotels and Resorts
The Original London Sightseeing Tour

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