Will the US Be Too Expensive for UK Tourists?
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CNBC’s Aditi Roy took a look at the impact of Brexit on a recent broadcast of “Closing Bell.” Roy noted that the U.K. is “the largest group of overseas travelers to the U.S.,” which makes this an important issue for tourism and investment alike.
“The travel industry is "mixed" on the impact that the U.K.'s decision to leave the European Union will have on the business. Some CEOs have predicted slow growth due to Brexit and some estimated there will be little change,” she added.
A weakened pound may put the U.S. in a position of being too expensive for U.K. travelers.
READ MORE: UK Hotel Demand on the Rise Post-Brexit
One area of focus in the report was the airline industry, which will likely see some long-term impact from the fluctuating market. On its most recent earning’s call, American Airlines noted that: “They do expect currency fluctuations to have a negative effect on the airlines, saying down the road it's business travelers they will be watching most closely.”
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