The UK outbound travel market is anticipated to surpass US$ 175.2 Billion by 2032, up from US$ 76.7 Billion in 2022, growing at a substantial CAGR of 8.60% during the projection period. Despite the slowdown in economic growth, European outbound travel has grown by 3%. Globally, the United Kingdom is one of the top five spenders on outbound tourism. Outbound …
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UK Outbound Tourism Market Gears Up for a Phenomenal Journey, Projected Growth of 8.60% CAGR, Aiming for a Staggering US$ 175.2 Billion by 2032 | FMI
The UK outbound travel market is expected to reach US$ 175.2 Billion by 2032, up from US$ 76.7 Billion in 2022, developing at a considerable CAGR of 8.60% during the forecast period. Despite the slowdown in economic growth, European outbound travel has grown by 3%. Globally, United Kingdom is one of the top five spenders on outbound tourism. Outbound travel is increasing steadily in …