SOURCE: Phocuswright Inc.

PhoCusWright Inc.

October 06, 2011 11:00 ET

U.K. Consumer Confidence Wanes Despite European Travel Rebound

New PhoCusWright Report Examines Traveler Attitudes and Behavior in France, Germany and the U.K.

SHERMAN, CT--(Marketwire - Oct 6, 2011) - Even as travel incidence in key European markets recovers from the economic recession, U.K. traveler sentiment has taken a dark turn. A new report (www.phocuswright.com/products/3983) from travel industry research authority PhoCusWright finds that while incidence of leisure travel increased across France, Germany and the U.K. in 2011, not all of these markets are feeling positive about the next twelve months.

"Even before riots tore through the streets of London and other English cities in August, consumer confidence showed clear signs of frailty," said Carroll Rheem, director, research at PhoCusWright. "Intentions for travel in the upcoming year show that U.K. optimism for key metrics, such as budget for holidays, is neutralized by pessimism and uncertainty."

"PhoCusWright's European Consumer Travel Report Second Edition" finds that well over twice as many travelers plan to spend more on trips versus less in France and Germany over the next twelve months. In the U.K., however, just 23% plan to spend more, while 25% plan to spend less or are unsure. Similarly, while German and French travelers intend to increase their traveling distance in the upcoming year, U.K. travelers reinforced a theme of weaker confidence. But despite U.K. travelers' iffy outlook, they will remain at the high end of travel consumption as the indicators point to stagnant, but not negative, trends.

"PhoCusWright's European Consumer Travel Report Second Edition" examines traveler attitudes and behavior in three major European markets: France, Germany and the U.K. By providing analysis of both concrete behavior -- including channel and segment usage, trip frequency and spend -- as well as softer elements, such as intentions, influences and attitudes, the report paints an in-depth, comprehensive picture of consumers in each of these markets. In addition to taking stock of the current state of consumer travel, this report provides critical insight into traveler behavior in 2011 by positioning consumer trends within the context of larger trends in the industry.

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