UK Travel and Tourism Market Size to Surpass USD 292.0 Billion by 2033, at a CAGR of 5.95%

UK Travel and Tourism Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 5.95% (2025-2033)

The UK travel and tourism market continues to thrive, offering a rich blend of historical landmarks, cultural experiences, and scenic landscapes that attract millions of visitors each year. According to the latest report by IMARC Group, The UK travel and tourism market size reached USD 173.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 292.0 Billion by 2033, exhibiting a growth rate (CAGR) of 5.95% during 2025-2033.

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UK Travel and Tourism Industry Trends and Drivers:

The travel and tourism industry in the UK is experiencing a healthy recovery driven by a fresh desire to explore both domestically and internationally. The popularity of staycations has soared and travelers have rediscovered the pleasures of coastal communities, historical cities and rural havens like the Cotswolds and the Lake District. Sustainability is also driving travel, as visitors interested in sustainability will be encouraged by eco-friendly places to stay such as glamping and green certified hotels. Cultural tourism is on the rise with festivals, heritage sites and immersive experiences such as food tours. Technology is supporting the convenience of travel for consumers in the form of virtual tour apps and contactless booking procedures, while wellness tourism can provide a form of retreat and disengagement with spa break or outdoor adventures.

Innovation in marketing and improved infrastructure have encouraged grow the market. Through government-led marketing campaigns that promote destinations that are unknown, aided by individuals who have globe-trotted and have spoken highly of unique destinations, even lesser known destinations increasingly get more visitors, in-turn diverting some tourism flow from the overcrowded destinations like London. The newest trend in travel is experiential travel, whereby tourists seek an authentic, local experience with local businesses. This allows smaller businesses, whether airbnbs or craft breweries to flourish. Likewise, international tourism would have made a comeback, as the UK has established itself as a place with vibrant art scenes, world-renowned iconic venues and history. Partnerships between airlines, tour operators and local governments to improve logistical ease for travel, and investment opportunities in sustainable transport, such as electric-buses and bicycle sharing programs are a multifaceted improvements to accessibility and travel. Blending tradition and innovation is the biggest draw and makes the UK an attractive destination beyond this outlook of travel and tourism.

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UK Travel and Tourism Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

● Domestic
● Inbound
● Outbound

Service Offering Insights:

● Ticket Reservation
● Hotel Booking
● Holiday/Tour Packages
● Others

Purpose of Visit Insights:

● Business
● Leisure and Recreation
● Education
● Medical
● Social Activity
● Others

Booking Type Insights:

● Travel Companies
● Travel Agencies
● Online
● Others

Regional Insights:

● London
● South East
● North West
● East of England
● South West
● Scotland
● West Midlands
● Yorkshire and The Humber
● East Midlands
● Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.