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Tourism Economics

UK is largest inbound market for Philadelphia

In 2018, 697,000 overseas visitors came to the Greater Philadelphia region, of which 112,000 are from the UK, according to a new report from the Philadelphia Convention and Visitors Bureau (PHLCVB) and Tourism Economics. While the city marked a 7.5% year-on-year increase in overseas visitors, Brits visitation increased by 3.1% YoY. Overseas visitors also contributed

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US to incur USD 11 billion loss in tourism receipts

The US could see nearly 2 million fewer Chinese visitors because of hostile trade relations, travel advisories and rising currency exchange rates. Chinese tourist arrivals to the US has already diminished since the conflict erupted in early 2018, and continuing tensions are projected to result in 2 million fewer Chinese tourists through next year, according

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Sterling decline sees rise in North American visitors to the UK

A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase in arrivals from North America, brought on by the devaluation of the British pound following the June EU Referendum.  According to the International Passenger Survey (IPS) conducted by the Office for National Statistics, U.K. arrivals

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