The Market
The unique economic situation of the last two years has played decisively in the favour of developments like Heacham Manor, with the owning group posting a 9% increase in profit for 2009.
Indeed, UK Tourism is proving to be one of the most robust sectors of the economy showing record growth despite the recession. In support of this, figures released by Visit England, the UK’s tourism body, show holidays in England up by 40% in 2009, with bookings for 2010 looking just as strong.
What about the future? A recent report by Deloitte and Oxford Economics has predicted that tourism will grow at 3.5% a year for the next decade, outstripping the manufacturing, utilities, retailing, transport and communications sectors.
Figures from the recession of 1991 lend strength to this view; visitor numbers and expenditure within Great Britain grew 59% in the ten years after the end of the recession. By 2008 the East of England was netting £5.15 Billion of income with Norfolk as its lead destination in terms of both visitor numbers and spend. We strongly believe this growth trend will continue as more and more people discover the hidden treasures of the North Norfolk Coast.
Exciting growth in the present together with exciting future predictions for the tourist industry all underpin our conviction that now is a great time for you to invest at Heacham Manor.
Sources: English Tourism Council 2000, EETB compendium 2008, Deloitte & Oxford Economics paper 2010.
