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I’ve already written about Scotland’s current tourism boom in:
So, it’s no surprise our hotels have become particularly valuable assets and new research confirms this. From the Scottish Property Investment Review 2016, we see:
‘The review shows that Scottish leased hotels performed well with a return of 12.6% year on year in 2015 and were buoyed by another year of strong capital growth. A capital growth of 13.1% was recorded for the period, mainly by yield strengthening, as initial yields compressed to near 2007 levels. Strong income return, and the fact that capital values remain discounted, has made assets in Scotland a competitive investment compared to England, especially London, and most other European markets.’
https://www.sdi.co.uk/knowledge-hub/articles/publication/scottish-property-investment-review-2016
Hi Prof., you are becoming my first port of call for news; you’re doing wonders for our collective mood!
I was wondering if you’d seen – or calculated – any of the latest stats on Scotland’s proportion of UK tourism revenue? I had a look on ONS but I’m time-poor 🙂
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Good idea. I’ll consider it.
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Not much in it especially with London. See: https://www.ons.gov.uk/peoplepopulationandcommunity/leisureandtourism/datasets/overseasresidentsvisitstotheuk
Mind you those are the 2016, pre terror and acid attacks. 2017 might look different.
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That stacks up with my (very) rough calculation that we account for over 8% of all tourism income generated by the U.K. I thought it would have been a greater proportion, though tourist numbers have certainly soared since the early 2000s. Hopefully the Outlander effect will keep working its magic!
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What we can’t count is the English to Scotland tourism figures
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