Staycationers helping UK’s economy

The economy is often compared with a lot of things but not often is it compared with a balloon but that is exactly how it behaves sometimes; when pushed at one part it pops out at another. The economic downturn has affected the aviation industry adversely but the misfortunes of the aviation industry not only lead to a new word being coined about people who would have fly out of UK on expensive holiday to exotic destinations but have decided to take a holiday at home in UK; Staycation.

Staycationers are helping the UK tourism and hospitality industry as they spend money that will otherwise be spent abroad in UK. One industry that is benefiting tremendously from Staycationers is the camping equipment industry. One of the leading bike and camping equipment retailer in the UK Halfords experience a recession busting £61 million increase in earning which represent a 24% rise in its taking this year when compared with its earning pre-recession. Halfords online sale, which only accounts for 5% of its sales, is yet to enjoy the significant rise the brick-and-mortar part of its business has seen.

Other companies that specialise in camping equipment, products and services staycationers need to make the most of their holiday in UK also experience increase in business, online camping equipment specialist camping online said it has seen and increase in number of enquires from people buying tents and other camping accessories for use in the UK

admin Economy