The latest data on overseas travel and tourism for June 2017 from the Office for National Statistics (ONS) shows that both visits and spending by overseas residents is up on the same time last year.
Compared to June last year, overseas visitor numbers for June 2017 were up 7 percent to 3.5 million visits. They also spent £2.2 billion, which is an increase of two percent.
The number of visits abroad in June 2017 made by UK residents also increased by four percent compared to June last year to 7.2 million visits and they spent £4.6 billion, a huge 15 percent increase on the same time last year.
Howard Archer, Chief Economic Advisor to the EY ITEM Club, commented:
"The Office for National Statistics (ONS) reports that foreign visits to the UK rose 7% year-on-year (y/y) in June to 3.5m. There was an increase of 35% from North America (up to 650,000 from 483,000), clearly buoyed by the particularly sharp drop of the pound against the dollar since mid-2017. There was a more muted rise of 2% in the number of visitors from Europe (up to 2.290m from 2.241m).
"Overall, the number of foreign visitors to the UK increased 8% y/y during Q2 to 10.8m. Significantly, holiday visits were up 20% y/y during Q2 to 4.7m. In contrast, business visits were down by 4% at 2.4m.
"Visits from North America to the UK were up 29% y/y during the second quarter to 1.470m from 1.137m a year earlier. Visits from Europe were up 3% to 7.730m from 7.533m.
"During Q2, spend in the UK by foreign residents rose 8% y/y to £6.2bn, however, it was only up 2% y/y in June itself at £2.2bn.
"Foreign visits by UK residents were up just 1% y/y overall in the second quarter to 19.09m. There was a drop of 4% in visits to North America and also a dip of 1% to Europe. Spending by UK residents abroad rose 2% y/y in Q2 to £11.3m."