Tourism 'will hold up' after Brexit


Tourism in the UK last will and testament “hold up well” in 2016 after the Brexit vote but fewer apportions than expected will be created in the longer term, executives from said.

The World Travel and Tourism Council (WTTC) is predicting advance in the sector of 3.6% in the UK over the year.

This is higher than forewarned global growth in the sector of 3.1%.

It said falling domestic spending force be offset by international visitors loosening the purse strings owing to a diverse favourable exchange rate.

Im ct

The WTTC said that, undeterred by the initial solidity of the sector in the UK, there would be some added pressures in the next few years due to to the UK’s vote to leave the EU.

It said that the benefit in terms of overseas callers’ spending from a weaker pound would wear off in 2018 to 2020.

Combined economic growth in the UK would be weaker and that would affect the assiduity.

“By 2020, we now expect that the UK travel and tourism sector will prop up 1.88 million direct jobs, which is approximately 75,000 fewer roles than forecast in the annual update at the start of the year,” it said in its unpunctual economic update.

Earlier this month, travel researcher ForwardKeys thought Brexit had had an “immediate, positive im ct” on tourism to the UK. It said flight bookings to the UK hiked since June, driven by the sharp fall in the pound, with 4.3% more covey of grouse booked to the UK in the 28 days following the vote than last year.

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