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Why the UK Travel Industry Isn’t Yet Suffering a Brexit Slowdown

Patrick Whyte

Skift Take

So far there has been a limited impact from last June's Brexit vote, but that doesn't mean there won't be an economic price to pay, especially in the long term.

Before the UK referendum on membership of the EU last June, plenty of people on the “remain” side of the debate predicted economic doom and gloom if the UK voted to leave. The electorate chose not to listen and a majority -- 52 percent -- voted to leave the EU. Aside from the devaluation of the pound there have been few genuine short-term side effects as a result of the vote, something that many of those in favour of Brexit have used as a stick to beat those who warned of a possible recession. Instead, it appears that the currency depreciation is helping boost inbound tourism. The number of people who visited the UK on vacation in January increased by 19 percent with spending from all visitors up by 15 percent, according to new figures from the UK Office for National Statistics. “It

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