The Brexit Bump? Tourism Outlook Is Positive
PHOTO: London (courtesy Thinkstock)
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.”
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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