Although, Brexit has had only a few direct effects on the tourism market so far, it has still resulted in a significant fall in the British Pound Sterling and a decline in the share price of travel and tourism companies Cirer-Costa,p.
This is still markedly down on the predicted global 3.
The methodology used is content analyses of existing literature, government and industry surveys, as well as media articles concerned with the potential impact of Brexit on the tourism industry.
Statista assumes no liability for the information given being complete or correct. Although the relevance and the importance of the topic is clear, the existing research does not give a broad enough view of the potential impact on the travel and tourism industry. Three outcomes remain possible: departure based on an agreed withdrawal deal, a no deal exit, or a delayed exit.
A new report from CAPA — Centre for Aviation investigates the current — but quickly changing — Brexit situation and how in particular it will impact the aviation sector. In conclusion, the UK seems to be in a fairly good however still suboptimal economic position right now, but has to reckon with the ever-increasing competition presented by other nearby countries.
Leading international markets include the United States, Germany and France.
Published by Statista Research DepartmentFeb 22, Travel and tourism plays an important role in the United Kingdom, having a significant impact on the economy each year. In the first part, the phenomenon of Brexit is defined to ensure common understanding with the reader.
In many ways, however, the outcome of the referendum was not surprising. Firstly, the UK has consistently been the most Eurosceptic member of the EU ever since it joined the union in The fact that the sector contributes 4. This, interdependency has been facilitated by the free movement of goods and services, investment and people across the EU.