LondonNet News Headlines
|London Faces UKP1 Billion Tourist Loss
- Terrorism effect adds to industry woes
LONDON tourism could lose up to UKP1 billion in business in the wake of last week's terrorist atrocities in America.
"All we can go by are previous experiences like the Gulf War, when it took at least a year or two for visitor levels to get back to normal," a spokesperson for the London Tourist Board said.
Tourism was worth UKP8 billion last year, London's second biggest money-spinner. But, with American visitors put off travelling in general by the fear of terrorist hi-jacking, and coming to the UK in particular due to the foot and mouth outbreak, industry insiders expect that figure to be cut dramatically for 2001.
Although Americans make up 20 per cent of foreign visitors to London and spend the most per head, the prospect of a global recession means takings from other travellers from other countries are likely to fall, too.