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

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