UK travel buyers blame increased prices on Brexit

Published on : Monday, January 23, 2017

download (1)UK business travel buyers are facing higher prices thanks to Brexit. Seven months to the day Britons voted in the European Referendum and less than a week since Prime Minister Theresa May set out her stall for a hard Brexit, a Business Travel Show poll has revealed that prices have already increased for 16 per cent of corporate travel buyers in Britain. This compares to just 6 per cent across continual Europe.

 

178 travel buyers – 61 per cent of whom work in the UK – were asked: “What impact will Brexit have on client confidence and buying behaviours?” 11% of buyers on mainland Europe are playing the waiting game and holding off from investing in travel. This compares to just 4% in the UK. 80% of British buyers believe it’s a case of ‘business as usual, slightly fewer than the 83% in the rest of Europe.

 

  % across Europe % across UK % across continental Europe
Business as usual

 

81% 80% 83%
We are holding off from investing in travel

 

8% 4% 11%
Our prices have increased

 

10% 16% 6%
Our prices have decreased

 

0% 0% 0%

The Business Travel Show is hosting a panel session on Brexit next month to help buyers understand what it could mean for their travel programme. Panellists include:

Rohitesh Dhawan, Director – Brexit Global Centre of Excellence, KPMG
Mark Cuschieri, Chairman, Institute of Travel Management
Mark Tanzer, Chief Executive, ABTA

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 AIME 2018 BB
  • 02 WTM Latin America 2018
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 itb-china 2018
  • 06 Central & Eastern Europe 2018
  • 06 imtm 2018
  • 06 TTF-2018
  • 07 balttour 2018
  • 07 ibtm arabia 2018
  • 08 mice-arabia 18
  • 08 OTM 2018
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 10 miceforum 18
  • 11 Digital Travel 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com