Pound’s decline hasn’t helped UK tourism much

Published on : Friday, September 6, 2019

The British pound plummeted due to Brexit, making holidays in the UK cheaper; however, that hasn’t made Britain a more attractive place to visit.

 

As per World Economic Forum’s tourism rankings, the UK actually fell from fifth to sixth as the most competitive nation for travel this year. Among the top 10 countries, the UK was the only nation to go down in the rankings, surpassed by the US.

 

The pound plummeted when Britain voted to leave the European Union in 2016, losing over 13 per cent of its value against the dollar within two weeks. This week it fell below US$1.20. It’s a level not seen since January 2017, as Prime Minister Boris Johnson said that he might push for a general election if parliament voted to delay Brexit again.

 

Britain’s slump in the WEF’s rankings suggests that other possible Brexit-related factors might have counteracted the falling pound.

 

As per latest data from the Office for National Statistics, 3.3 million tourists visited Britain last May, going down by more than 5 per cent from last year.

 


(No Like Yet)

Related Posts

Tags: ,

Comments are closed.

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

ADVERTISEMENT

  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Forum de l’Investissement Hôtelier Africain

      July 7 - July 9
    2. DRT SHOW SHANGHAI

      July 17 - July 19
    3. SHANGHAI WORLD TRAVEL FAIR (SWTF)

      July 30 - August 2
    4. IT&CM CHINA 2020

      August 3 - August 5
    5. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
Get our toolbar!
Review www.travelandtourworld.com on alexa.com