US VISITORS TO EU/UK, 2018 FIGURE 13:


Arrivals in commercial accommodation


million


0 1 2 3 4 5 6


5.7m 4.6m 3m 3.2m 1.2m 1.5m 12% Figures rounded Source: Eurostat FIGURE 14: CHINESE VISITORS TO EUROPE, 2018


Arrivals in commercial accommodation


million


3.0 3.5


2.0 2.5


1.0 1.5


0.5 0


2.1m 1.6m 1.45m 0.75m 0.9m 1m 3.2m


France Germany Italy Spain UK


Austria Switzerland 11% 8%


6% 8%


12% *Incl. visitors from Hong Kong 25% Figures rounded Source: Eurostat 13% 17%


Share of Chinese visitors to Europe


5m


France Germany Italy Spain UK


Greece Netherlands 12% 5%


18% 4%


21% 11% 17%


% of total US visitors to EU/UK


governments will not blindly enforce laws that threaten financial stability, ground air traffic or halt production.” Rather, they propose “parachute arrangements [to be] unveiled at the last moment”. These arrangements may yet be required. Beyond Britain and Brussels, Brexit appeared


a side show to more-pressing concerns: the growing tariff war between the US and China, the slowdown in Germany, the developing financial crises in Argentina and other ‘emerging’ economies, the fires in the Amazon, the growing confrontation in Hong Kong. Taken together, these factors suggest a global economic downturn may be unavoidable. Ten years on from the recession which followed the financial crash of 2008, a downturn would hardly be remarkable. It could be said to be overdue, having been kept at bay largely by central banks. The impact on travel of that last recession


is worth restating. The UK saw a 20% decline in overseas trips between 2008 and 2010, with the market only approaching its former level in 2015. The market has since surpassed its previous peak despite the sharp fall in the value of sterling from mid-2016. The impact of the 2008-09 crisis was less


THE US and China are the leading non-European source markets for travel to Europe. Chinese visitors show a marked preference for Italy (Figure 14). US visitors favour Italy, the UK and France (Figure 13). Users’ preference for accessing the internet by smartphone over other devices is not so clear when looked at by age (Figure 15)


FIGURE 15: DEVICE USED TO ACCESS INTERNET, 2018 By age


% 100


20 40 60 80


0 16-24 25-34 35-44 45-54 55-64 65-74 Source: Eurostat


Desktop/laptop/netbook Smartphone


Travel Weekly Europe Report 2019 | 11


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