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ONS Travel and Tourism figures - Barclays comment

10 May 2012 10:19 GMT

Mike Saul, Head of Hospitality and Leisure at Barclays, comments on today's ONS Travel and Tourism figures:

"Whilst real incomes continue to be squeezed, consumers are just not willing to forego their foreign breaks. Volatility in Europe is bringing some of the best exchange rates to euro-bound travellers in years, and with ongoing economic uncertainty continuing to permeate the continent, bargain hunters should benefit as we head into the summer months. Brand Britain’s promise of a summer of festivities, however, may see the staycation trumping tropical travel, and continue to attract further international tourists.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.