Growth predicted for 'staycation' spend | Scottish Licensed Trade News

Scottish Licensed Trade News

Growth predicted for ‘staycation’ spend

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DOMESTIC tourist spend in Scotland’s pubs and restaurants is expected to grow by 26% to £4.2 billion by 2017, according to a new study.

The Barclays Tourist Dynamics Report 2014 predicted that “staycation” spending in Scotland’s wider hospitality sector will grow to £8.4bn during the same period, with overall domestic tourism spend reaching £13.1bn north of the border.
Ally Scott, managing director at Barclays Corporate Banking Scotland, said that despite improvements to the economy leading to a “gradual rise” in overseas holidays, “it is unlikely to precipitate a return to the holidaying habits we were seeing prior to the downturn”.

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