UK tourism industry to benefit from recession
23 January 2009 17:46
The British tourism industry looks likely to be one of the few to benefit from the effects of recession and the decline in value of the pound.
That is according to the Association of Independent Tour Operators (AITO), which suggested that there will be a distinct rise in domestic tourism as people choose to scale back the number of overseas holidays they take in a year.
Ian Bradley, public relations officer at the organisation explained that more people might be tempted to stay at a cottage in Cornwall than taking a European city break to Madrid or Barcelona in addition to their main holidays.
He added that UK destinations will appear more attractive to tourists around the world because of the decline of the pound.
Regardless of whether they stay in the UK or travel abroad, holidaymakers should ensure that they take out an adequate travel insurance policy in order to cover them for lost luggage or cancellations.
According to moneysupermarket.com, nearly a third (29 per cent) of people are considering travelling outside of Europe because of the poor rate of exchange between the pound and the euro.