Staycation to boost North West Economy by over £12 billion
According to recent research, independently commissioned for Barclays’ Retail and Hospitality & Leisure sector teams, the UK’s hospitality, leisure and retails sectors will see a major boost over of the next few years. According to the report the North West region can expect the annual expenditure from domestic tourists to increase by 11.2% to over £12 billion by 2017.
Mike Saul, Head of Hospitality & Leisure at Barclays, commented: “The economy is improving and confidence is certainly growing, and while this will lead to a gradual rise in the number of consumers looking to holiday abroad again, it is unlikely to precipitate a return to the holidaying habits we were seeing prior to the downturn.”
For further information about the report please visit Barclays’ here