Our analysis of the latest published accounts of the travel facilitation sub-sector of the wider travel and tourism industry in the UK formed the main basis of our recent market sector report on travel. Our report showed a picture of cautious optimism, but some clear weaknesses in the overall finances of the sub-sector. A deeper dive beyond those financial weaknesses
Public confidence in travel agents Despite the rise of self-booked holidays, self-assembled via the internet, over a third of UK tourists book their trips through travel agents, according to research by Travel Counsellors. Figures published by ABTA in October as part of its first-ever Travel Confidence Index shows a score of +72 for those who booked through a professional, compared
The most recent results of major airlines focused on the UK market show an extraordinary level of positivity. Profits at British Airways owner, IAG in Q2 2023 soared by 400% and broke previous records for that quarter. EasyJet has announced a $30bn order for Airbus planes as part of setting an ambitious annual profit before tax target of £1bn as
Our latest report into the finances and prospects of the hospitality sector published earlier this month showed that the industry’s borrowings had fallen by 18% in the last fourteen months. Only the very smallest pub, bar and restaurant businesses saw their debts rise and then only marginally. While debts still remain higher than pre-pandemic, this drop is nevertheless welcome news
In this monthly update, we take a closer look at the latest UK economy stats and discuss what they may mean for UK businesses in the coming month. UK GDP However much the Office for National Statistics fiddles about revising past GDP numbers by a few tenths of a percentage point, the reality is that the UK economy is bumping
Business investment, which accounts for about 13 per cent of the UK’s GDP, has lagged behind other developed economies for decades. It has been an average of 36% lower than other members of the G7 since 1990 according to a report published this year by The International Monetary Fund (IMF). Looking at the latest disruptions caused by Brexit, the pandemic
