By 2024, the outbound travel market in the United Kingdom is expected to be worth USD 90.46 billion. With a CAGR of 8.60%, this pace is predicted to continue, resulting in an anticipated valuation of USD 206.43 billion by 2034.This presents a treasure trove of opportunities for industry decision-makers. Here’s how you can capitalize on this exciting growth:
Adventure Awaits: The UK boasts an increasingly adventurous population. Invest in experiences like hiking tours, cycling adventures, and outdoor activities to cater to this segment. Become the go-to partner for unforgettable adventures.
Wellness Warriors: The focus on well-being is driving a demand for wellness travel. Develop packages that include spa retreats, yoga getaways, and access to renowned wellness destinations.
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Staycation Surge: Don’t underestimate the domestic tourism market. Develop attractive “staycation” packages that offer unique experiences within the UK.
Workcations: The New Frontier: The rise of remote work creates the workcation opportunity. Offer co-working spaces, reliable Wi-Fi, and extended stay packages in stunning locations, allowing professionals to seamlessly blend work and travel.
Luxury Redefined: Luxury travel goes beyond the ordinary. Focus on authentic experiences like private tours, access to cultural events, and bespoke itineraries that take travelers off the beaten path.
Festival Frenzy: Festival tourism is soaring. Craft packages that cater to music lovers, foodies, and culture enthusiasts, offering all-inclusive deals with tickets, transportation, and lodging.
Wellness Retreats: The focus on health is paramount. Partner with spas, wellness resorts, and natural healing therapies to develop rejuvenating packages that include yoga, meditation, healthy cuisine, and a focus on holistic well-being.
The Takeaway: The UK outbound tourism market is a kaleidoscope of opportunities. By focusing on adventure, wellness, staycations, workcations, redefined luxury, festival tourism, and wellness retreats, industry leaders can position themselves at the forefront of this lucrative market and create unforgettable travel experiences for UK residents.
The outbound travel sector in the United Kingdom provides employment on par with other well-known and recognised industries, such as food and electrical equipment manufacturing and machinery and equipment industries.
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UK Outbound Travel: Market Dynamics and Restraints
Relatively high disposable income per capita is expected to drive the United Kingdom’s outbound tourism sector. Baby Boomers, with more free time and money for travel, are the most important segment of the UK outbound travel sector. The baby boomer generation has topped the market share of the UK outbound travel sector mainly attributed to the recent changes in pension annuities. According to the International Passenger Survey, the residents of UK prefer July and August for travel abroad mainly due to the long school holidays.
Other popular months are April, May, June, October and November. January to March is a popular time for single-week ski trips and winter sun breaks to cheap destinations, usually as an extra holiday. Along with the international airports, the United Kingdom has a large number of regional airports offering international services to important destinations which include Manchester, Nottingham, East Midlands, Liverpool and Leeds.
Medical tourism across the globe also faced difficulties in the last couple of years. Outbound medical tourism from Britain has recovered slowly after the recession. Factors include poor National Health Service delivery, problems with National Health Service dentistry, and objections and delays relating to National Health Service. Reforms have helped boost the outbound tourism sector in the UK.
UK Outbound Travel: Regional Analysis
Europe is most popular region for UK tourists with over 75% of total outbound trips. Spain, France, Italy and Germany are the most visited destinations by UK residents and the United States was the most visited non-European destination with around 6% of total visits. China, India, Iceland and Cuba areother popular destinations for UK travellers among other non-European destinations.
Factors such as cultural and artistic heritage, high reputation related to the charming culture and lifestyle, great climate, excellent and frequent flight connections have influenced UK tourists to travel to Italy. In addition to the trips within Europe, long haul travel is also increasingly becoming popular among UK travellers.
The Middle East was the least visited region for UK holidaymakers and India is one of the top destinations for UK travellers in the Asia Pacific region.
This comprehensive report equips readers with lucid information and analysis on the sector.
Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.
The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.
The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.
Key Players
- Thomas Cook Group Plc
- Trailfinders Group Limited
- Saga Plc
- Hogg Robinson Group Plc
- Hays Travel Limited
- The Globespan Group Plc
- Lotus Group Ltd.
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Key Segments in the UK Outbound Travel Market
By Type:
- Day Trips & Local Gateways
- Museums
- Pilgrimages
- Religious and Heritage Tours
- Others
By Traveler Type:
- Independent Traveller
- Tour Group
- Package Traveller
By Booking Channel:
- Online Booking
- Offline Booking
By Age Group:
- 0 to 20 Years
- 21 to 40 Years
- 41 to 60 Years
- 60 Above
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