What’s hot for 2012

Britain (especially London) might look like a shoo-in as the hot destination for 2012; but the latest forecasts are showing that around half of the benefit in terms of increased visitor spend is expected to come in the 5 years after the games. A likely legacy of the saturation global media coverage is expected to mean higher numbers of international visitors in subsequent years, especially from the emerging markets of Brazil, Russia, India and China.
Current outlook
At the Visitor Economy Forum I attended last month, forecasters were cautious about the business outlook for 2012. STR Global indicated that the majority of UK hotels are being affected to some extent by slowdown in demand, with major chains reporting evidence of people downgrading their grade of accommodation , and others deciding not to make a trip at all.
On the positive side:
- London has seen a 12% increase in available accommodation for visitors, with almost no adverse effect on occupancy levels – indicating increasing demand and prices holding firm.
- Budget accommodation is more in demand than ever, and site shortage has resulted in the likes of Travelodge expanding into spaces above high footfall retail premises such as supermarkets, particularly in outer areas of the capital.
- Budget operators are scouring the most attractive protected landscapes and national parks in the English countryside for suitable premises to take over and expand into.
- A new Premier Inn has recently sprouted on the rooftop level of the new Westfield shopping centre at Stratford International
- Unconventional online lettings agencies are springing up to promote apartments and homestays with easy access to London; but quality could be an issue. Look out for user generated reviews to counter this risk.
Business Opportunities
- Keep an eye out for pop up shops and retailers – or even consider starting one yourself. Taste of London pop up restaurant festival will be in Regents Park June 21-24. Presale tickets available online now.
- London 2012 merchandise is now on sale at John Lewis, Next, Adidas, The Post Office and official shops at St Pancras, Heathrow and Stratford City. Get yourself, your staff and your business dressed up for the Olympic torch relay when it passes by. No one in the UK should be more than 10 miles from the route, according to the organsiers.
- Obviously attractive popular official 2012 merchandise, like posters and pin badges are already on sale and may sell out nearer the time – so buy them now.
- Shop now for Union Jack accessories, window dressing and get thinking on how to celebrate the games with customers and staff.
- Editorial teams in the media are already out there looking for stories about places and happenings in Britain in 2012. If you’ve got anything new, unusual or eccentric coming up, or if you win an award for something in your business – this is the year to share it with the world – and issue a series of news releases. Dont forget to post them onto your website.
- This is likely to be a year of innovative and opportunistic developments like no other.
- New businesses may find it hard to get established unless eye catching promotions or discounts are offered. Social media makes it possible for a small business to make a big noise though.
- Don’t forget it’s the Queen’s Golden Jubilee (with an extra long weekend holiday in June to boot).
- Yet more opportunities await those businessses able to capitalise on the bicentenary of the birth of the novelist Charles Dickens, who enjoys a global network of fans. He travelled all over the UK, with many hostelries he patronised still in business as hotels and restaurants. Visitor attractions in many towns and cities where he lived worked or set his novels (Portsmouth, London, Rochester, Broadstairs, all spring instantly to mind) are in line for a welcome windfall as well.
Regional winners and losers
Again, according to STR Global
- Of all UK cities outside London, Manchester, Birmingham, Glasgow and Leeds are all prospering most.
- Brighton and York are also likely to do well thanks to strong demand boosted by steady year round visitors attending meetings conferences and business events.
- Edinburgh willl continue to suffer from remedial repair works to crumbling tarmac along the controversial Princes Street tram route (laid along in the very heart of the city in 2009); and although work was suspended over Christmas and New Year, word has spread on social media of unsightly hoardings and traffic disruption. I saw it myself in the autumn, and it’s likely to discourage or disappoint some visitors until it completes in July.
Leisure trends
Olive Insight, reporting further on their ongoing research for Visit Britain, both during and in the aftermath of the last recession, have found
- More people are now ( 61%) worried about the economic outlook in Britain than they were during the recession in June 2009 (when the figure was 40%).
- Earlier research showed that there was a tendency for consumers to ring fence their spending on holidays; but somewhat worryingly, this appears to no longer be the case.
- More people than ever are now looking to stretch their budget by taking advantage of deals and special offers.
- Businesses take note! Propositions offering service upgrades, added value, an inspiration you may not have thought of for yourself, or an opportunity to enjoy a bit of self indulgence, work best.
Will Brits still go abroad?
Here’s a round up of current thinking:
- Demand for domestic holidays in 2012 is likely to strengthen because of the economic situation
- Our current near-recession makes our offering more competitive as a destination to visit.
- Research from TUI claims that outbound demand from Brits is holding up for traditional summer destinations such as mainland Spain and the Balearics, for those who want to get away from the fuss this summer.
- I suspect that other southern European Eurozone countries with economic issues, such as Greece, and even Italy, may not be so lucky in the current economic climate.
- In my neck of the woods in Kent, people are feeling cautious about leaving the country; mainly because they don’t want to miss out in this year of a lifetime.
Can we help you?
Virtual Viv is part of the team at Manifold Associates, working in the UK and travelling the world independently to inform you with incisive commentary in words and pictures about news that matters. We want to help businesses maximise the benefits of the forthcoming exciting months.
Our recent projects have included researching and authenticating, on behalf of Visit Kent, locations still recognisable today, that have associations with Charles Dickens in advance of the bicentenary of his birth. We welcome freelance photo journalism assignments and writing commissions. Vivienne Boucher has recently been comissioned to write a feature article about The Kent of Dickens, which has been published in the January 2012 issue of BBC Countryfile magazine.
Maybe you’re a business looking to capitalise on the opportunities that 2012 might bring to you. If so, please get in touch.
















