Visits to the UK by overseas residents dropped by 2% in August 2014, but earnings from these visits increased by 7%, according to the latest ONS Travel and Tourism figures.
Visits to the UK by overseas residents in August 2014 were at 3.5m, earning over £2.6b.
Overall, visits to the UK by overseas residents have risen by 6% in the year to date, and earnings by 1%.
In contrast, visits abroad by UK residents fell by 1% in the past three months, compared with the same period last year, and expenditure fell by over a fifth (22%)
- Visits to the UK by Overseas residents rose by 6% in the year to date, and earnings to the UK rose by 1%.
- Despite a 2% fall in visits to the UK by overseas residents in August 2014, compared to August 2013, earnings to the UK from these visits rose by 7%.
- Visits abroad by UK residents fell by 1% during the last 3 months, compared to the same period in 2013, and expenditure fell by 22%.
Mike Saul, Head of Hospitality and Leisure at Barclays, said :“Despite the surprising dip in year on year numbers for August, the overall picture throughout most of 2014 is one of growing visitor numbers and spend. A rich culture, highly sought-after retail offering and top leisure facilities continue to attract an increasing number of overseas visitors.
Similarly, with UK consumer confidence continuing to rise, the drop in travellers heading overseas probably has more to do with the fine Summer weather we’ve had this year rather than any reflection on current levels of discretionary spend.