The Brexit Bump? Tourism Outlook Is Positive

Janeen Christoff
by Janeen Christoff
Last updated: 7:00 PM ET, Thu August 25, 2016

The World Travel and Tourism Council (WTTC) is reporting a positive outlook for the U.K. post Brexit. A weaker pound is encouraging visitors to come to the U.K. as it is more affordable and many Britons are also staying closer to home, according to the Express.

"Travel & Tourism in the UK is expected to hold up well in 2016 with growth of 3.6 percent," said the WTTC's report. "Weaker domestic spending growth, and a projected drop in U.K. outbound holidays of 3 percent, will be offset by higher spending in the U.K. by international visitors as a result of the favorable exchange rate."

[READMORE]READ MORE: Brexit Uncertainty Leads To Impressive Number Of Continental Passport Queries [/READMORE]

However, long-term tourism numbers may dip, reports the Express.

According to the WTTC forecast, after the U.K. leaves the EU, the boost from the weaker pound is likely to wear off.

The WTTC predicts that by 2020, the U.K. tourism industry could have 75,000 fewer jobs.


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Janeen Christoff

Janeen Christoff

Executive Editor - AGENTatHOME | TravelPulse Content Strategy

Editor Executive Editor - AGENTatHOME | TravelPulse Content Strategy true [email protected] 9088 14744 Janeen Christoff caught the travel bug while living in London, England. After two years on the road, she settled in Los Angeles and focused her writing on

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