BREXIT’s impact on Tourism: maybe better stay out?

BREXIT's impact on Tourism

Only few days left for the long awaited outcome of the BREXIT referendum, but what will be the BREXIT’s impact on tourism? Is it better in or out?


BREXIT’s impact on tourism will certainly depend on the agreements the UK will stipulate after the possible exit from the European Union.

What is sure, According to a report of Deloitte, is that tourism in the United Kingdom contributes to the economy for £125 billion sterling a year. This represents 9% of GDP and 10% of total employment. Europe is the main destination for British tourists with 76% of foreign holidays taken within EU countries. Therefore tourism is worth a lot of money in the United Kingdom and is a big resource for the economy of this nation. This is why there’s no shortage of thoughts on the potential BREXIT’s impact on tourism. Even if it’s important to highlight they are just opinions and nothing can be defined yet.

First of all the sterling may become weaker if the UK will leave the EU, at least in the short term. This would increase the costs of British consumers for their holiday abroad. However, on the other hand, a weaker pound means cheaper prices for who is traveling to the UK. This may be a big benefit for the United Kingdom travel economy.

For airlines companies , BREXIT would mean negotiating new service agreements for destinations outside the UK. But the Britons would probably seek to maintain open skies. Thinking to create a single aviation area and trying to contain the potential price increases to EU destinations in the long period.

Currently EU passenger have the right to compensation and assistance for delayed and cancelled flights within the EU. These rights may disappear in case of BREXIT. Even if the UK government could easily replicate these roles in UK law for encouraging people to travel abroad.

Also on mobile roaming fees something can change. These will end by 2017 for tourists travelling around the EU. That means people now is still paying for that. Also in this case, the UK government may intervene on this aspect, deciding to offer convenient tariffs for people traveling abroad.

Also purchasing in a duty free can be different if the UK will leave the EU. The right to buy duty free goods in another EU country ended in 1999. BREXIT may mean get that right back and save money on taxes while you are traveling.

Freedom of Movement in the EU can change in case of BEXIT. You already need a passport control if you are traveling to the UK. The country is outside of the border-free Schengen area and basic border checks for non UK passport holders are necessary to get into the country anyway. You can need a tourist VISA in case of BREXIT, but it may be free and on arrival for EU citizens without any impacts on travel costs for foreign tourists.

Opposite, leaving the EU can encourage travelers from the Commonwealth to visit the UK thanks the benefits they have when they travel to this country.

Access to free healthcare services across the EU would inevitably need to be renegotiated, but this does not necessary mean a disadvantage for travelers. Everything will depend on the agreements about this matter after the BREXIT.

Withdrawal will have no significant impact on the tourism as Britain does not share the Euro currency.

Bus and cab in London

Leave the EU does not mean less benefit for travel lovers. Europe should mean operate as a single market and without any internal obstacles to the free movement of goods and services. This should reflects the stimulation of competition and trade in the EU, improving efficiency and helping cutting prices. But is under everyone’s eyes that in Europe there are country economically stronger than others.

In conclusion, BREXIT may mean more independence to make decisions and to determine what is better for people and not for governments. The tourism sector also should reflect this role. A different Europe is what we need and BREXIT can be the best answer for dying Eurozone and focus on the individuality of each nation. People used to go to Britain before it was part of the European Union and will continue to go there even if they will leave Europe.

Diversity, independence, autonomy and individuality of a nation are the main reasons why is worth to visit a foreign country, this is why BREXIT‘s impact on tourism can bring advantages to all Europe. 

 

 

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One thought on “BREXIT’s impact on Tourism: maybe better stay out?

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