8.1s What are the most significant factors that create barriers/risks to financial health for visitor economy organisations?
Background
We have a vision to put the UK among the world’s most dynamic, inclusive, and regenerative visitor economies - one that delivers regional growth, opportunity, and community pride across the country. To achieve this, DCMS needs to better understand drivers and influences of tourism, ‘what works’ in growing and improving the visitor offer, and therefore visitor number and spend across the whole of the UK, whilst considering the social and environmental impact of tourism. Gaining a more detailed understanding of the sector workforce and businesses, as well as making more intelligent use of data are also important research priorities. DCMS is keen to ground this understanding in place-based approaches, for example those focused on coastal and rural locations, and how issues of seasonality impact the sector. Place-based approaches cover a range of perspectives, for example visitor economy assets and services and experiences as part of wider local social, cultural and economic infrastructure.
Next steps
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Topics
Related UKRI funded projects
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The sectoral economic impacts of COVID-19 on the tourism economy: a regional analysis focussed on Scotland
The broad patterns of changes in tourism induced by Covid-19 and the resulting containment measures - a sharp and sudden fall in international arrivals and lower international travel to the UK, plus reduced intra-UK dome...
Funded by: COVID
Lead research organisation: University of Strathclyde
Why might this be relevant?
The project specifically focuses on the economic impacts of COVID-19 on the tourism industry in Scotland, addressing the barriers and risks to financial health for visitor economy organizations.
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COVID-19: TOURISM RECOVERY, RISK AND UNCERTAINTY
Tourism has been severely affected by Covid-19, and it is anticipated that it will be one of the last sectors to recover fully from the effects of the pandemic. It faces enduring tourist unwillingness to take risks when ...
Funded by: COVID
Lead research organisation: University of Surrey
Why might this be relevant?
The project analyzes how Covid-19 related risks and uncertainties shape tourist intentions in the UK, partially addressing the question about barriers and risks to financial health for visitor economy organizations.
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University of Southampton and Align-Alytics Limited KTP 24_25 R2
To help UK Holiday Parks and Global Tour Operators to improve commercial performance, through the provision of a scalable Revenue Management System that combines new and advanced analytics techniques....
Funded by: Innovate UK
Lead research organisation: UNIVERSITY OF SOUTHAMPTON
Why might this be relevant?
The project focuses on improving commercial performance for visitor economy organizations, which is related to financial health barriers and risks.