Published on : Monday, January 23, 2017
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
|We are holding off from investing in travel
|Our prices have increased
|Our prices have decreased
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