Published on : Friday, November 17, 2017
Several British businesses are becoming cautious as they try to gauge the impact of the country’s impending departure from the European Union. However, there’s one industry enjoying a “Brexit bounce” and that is the tourism sector.
The sharp fall in the pound since last year’s Brexit vote — it’s down around 15 per cent against a range of currencies — has made the country a more appealing tourist destination.
The lower pound, however, makes overseas travel more expensive for the British and the figures suggest it has had an impact. The number of Britons going abroad was down 3 percent at 8.9 million in August, the main month for holidays.
Official figures released Friday show that overseas residents made 3.9 million visits to Britain in August, up 5 percent on a year earlier.
Tags: british tourism