Factors Contributing to Tourism Trends in February 2012
It is often said that ‘a picture paints a thousand words’ and above we have tried to summarise current trends in the factors driving tourism. Based on an analysis of over forty different series, grouped into eight ‘segments’, the chart clearly comes with a hefty health warning, with the ‘scoring’ of each factor being as much art as it is science.
Weather
Transport News
Figures from IATA show that in 2011 passenger demand was 5.9% higher than in 2010, during the month of December demand was 5.4% up on the previous year – Europe was one of the best performing areas for air travel during 2011 with demand up 9.5% (9.8% in December)
Figures from IATA show that domestic air travel increased at an annual rate of 10.9% in China during 2011, by 16.4% in India and 13.7% in Brazil
Turkish Airlines will add an additional three weekly flights from Istanbul to Manchester during summer 2012
From the start of May BA will resume flights from Tripoli to Heathrow, operating three times per week
From the end of March Ryanair will operate flights from Budapest to Birmingham, Bristol and London Stansted
Financial difficulties result in the Hungarian flag carrier Malev ceasing all operations – the airline had offered double-daily flights from Budapest to London Gatwick
From end March China Airlines is to axe its twice weekly flights from Taipei to Heathrow
A transport strike in Italy disrupts some flights to Britain on 27 January
A general strike in Belgium disrupts transport links to Britain on 30 January
According to Eurotunnel during the final three months of 2011 Eurostar trains carried 3% more people than during the same period of 2010, while 12% more cars and 3% more coaches were transported through the tunnel
Domestic Economic News
IMF now forecast that the UK economy will grow by 0.6% in 2012
The UK economy contracted by 0.2% in the final three months of 2011
The National Institute of Economic and Social Research forecast that the UK economy will be in recession during the first half of 2012
UK consumer confidence picked up in January but remains downbeat
European Economic News
The Spanish economy shrank by 0.3% in the final three months of 2012
France has cut its economic growth forecast for 2012 to just 0.5%
In December Eurozone unemployment stood at a record 10.4%
Eurozone consumer confidence picked up marginally during January but remains downbeat
US Economic News
The US economy created 243,000 new jobs during January, resulting in the rate of unemployment falling to 8.3%
US consumer confidence declined during January after having gained ground in each of the final two months of 2011
Global Economic News
Tourism News