News: Blurred line between tourism and property

Wed, 02 May 07

A property expert has emphasised the strong links between the travel and overseas property industries, saying that the lines between the two have been blurring for some time...

Speaking at an Overseas Property Professional (OPP) show, Martin Roberts of PropertyQC explained that the ever-growing travel industry is increasingly cooperating with sectors such as the Spanish property market.

Mr Roberts said that the travel industry has changed "quite dramatically" over the past six years, with increasing use of the internet to book services, OPP reports.

It is currently estimated that over 50 per cent of travel from the UK is booked over the internet.

"This internet use includes a range of services around travel and property viewing trips, such as car hire and currency exchange," Mr Roberts said.

Profitable sectors such as the Spanish property industry can be very valuable to travel firms, many of which have formed cooperative links with real estate companies, as they receive an additional income stream based on the leads they provide.

Brits taking more short trips

This news comes as it was revealed that British people are planning to take more short breaks this year.  According to American Express, five per cent more foreign holidays are planned by British people this year.

Going abroad for leisure purposes was the main reason for the breaks people plan to take, with 31 per cent of respondents citing this, followed by visiting family (25 per cent) seeing friends (19 per cent) and business purposes (14 per cent).

Commenting on trends in the travel industry, Joanne Field, marketing manager at American Express Insurance, said:

"Not only are Britons planning more trips both here and abroad, but they are booking more independently than last year."

She went on to stress the importance of insurance for all holidaymakers.

Demand from tourists is widely seen as one of the strongest supporting factors for the international real estate industry, particularly in sectors such as the Spanish property market, which gains a lot of business through the country’s appeal to tourists.



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