No-deal Brexit would mean five million drop in outbound trips from the UK

Thursday, 06 Nov, 2018 0

A no-deal Brexit would trigger a drop of five million outbound departures from the UK in 2022, according to a report out today by Euromonitor International.

It says leaving the EU without a deal next March would lead to a fall in outbound demand from the UK in 2019 and cause a ‘ripple effect’ across many destinations.

It would mean five million fewer outbound departures in 2022 than would have been the case with a delayed Free Trade Agreement, according to the market research company.

Head of travel Caroline Bremner said Spain would be the biggest loser.

"In Spain, where UK travellers account for 21% of inbound revenues in 2018, Brexit could reduce 2019 receipts by US$747 million, compared to a delayed free trade agreement, with the UK accounting for over half of that," she explained.

But while outbound departures would suffer, Britain’s inbound tourism industry would benefit said the report.

"With the UK economy in a state of flux, and a decline in the value of sterling, departures would stagnate over 2018-2020," explained Bremner.

"A ‘no-deal’ scenario would see the pound fall by about 10%, on top of a decline in 2018, making the UK more attractive to overseas visitors."
 



 

profileimage

Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...