The London Visitor Index released suggests that whilst the…
The London Visitor Index released suggests that whilst the capital’s visitor economy continued to recover in October, the index is still -7 points on last year. The index also indicates that the recovery slowed somewhat from September to October with the index sliding -15 points. The performance of the FTSE however, directly impacting business trips, keeps the recovery moving forward in October.
Findings for October include:
- A healthy increase in the number of overseas visitors entering the UK from Western Europe. (10.5% more overseas visitors in October 2005 over October 2004)
- Improving conditions for business tourism and hotels on the back of rising corporate profits
- Flat domestic holiday activity, with lower visitor numbers to London’s main tourist information centres and some major visitor attractions
James Bidwell, Chief Executive of Visit London said: The London Visitor Index for October shows that the capital’s visitor economy is making progress in its recovery, though there is clearly still work to do, particularly in the domestic market. Visit London’s Winter Wonderland campaign, launched last week, and initiatives like this weekend’s traffic free Oxford Street will help by encouraging people to get out and enjoy all that London has to offer at this festive time of year.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
