Fewer UK Residents Traveling Abroad

Posted: 10 Aug 2010 | 6:00 am

A marked decrease in overseas travel by residents of the UK has shown steep declines in the past few fears. According to a report published by the United Kingdom's Office for National Statistics year on year figures in 2009 versus 2008 dropped by 15% to 58.6 million.

On a macro basis the drop was the largest in three decades dating back to the 1970's. Most experts point to the devaluation of the GBP pound and a prolonged recession as having the strongest impact.

The study also points out that spending for those traveling aboard has also been hit with more travelers becoming cost conscious.

DO YOU LIKE THIS?