Scottish tourism industry boosted by weak pound



The fall in the value of the pound has given a welcome boost to Scotland’s tourism industry, according to a new study.
The study, conducted for Royal Bank of Scotland by the Fraser of Allander Institute, found that confidence among the 450 businesses surveyed had risen, with a third expecting volumes to increase over the next six months. That compared with 26 per cent of firms that forecast a decline.
Although companies in the tourism sector have seen a rise in costs linked to the introduction of the national living wage, the decline in the value of sterling has had a positive impact,... read more

 
28 September 2016 in Business, Views: 37
Source: Scotsman
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