UK travel optimism rises
January 11, 2010 | Online Travel
Half of travel industry bosses anticipate a change in economic fortunes for the better in the second half of 2010, according to a survey of entrepeneurs in the UK.
The Bowmark Entrepreneurs Index showed that 50% of travel respondents believed an economic recovery would take place later this year. Some 10% were more optimistic, predicting recovery at the start of this year.
However, 30% said the upswing would not take hold until 2011, leaving a more downbeat 10% predicting 2012 onwards.
Respondents also revealed the travel sector had been one of the most resilient during the recession, with 15% reporting growth of 20% or more in the previous 12 months, 31% achieving between 11% and 20% and 23% attaining 1-10% growth.
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