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How Will Brexit Influence Travel?
We have roughly one more year until the UK leaves the EU for good.
And no matter how much it's emphasised that it won't come as a shock, it will influence the way we travel and, especially how much we pay!
First of all, there are two aspects to consider: traveling from the UK (if you're a local) and traveling to the UK (for foreigners).
The influence can already be felt, but more on the side of Brits who are traveling abroad.
In this article we'll take a look at the key aspects of Brexit's impact on tourism to understand.
Photo credit: MIH83 via Pixabay.com / CC0 Creative Commons
Getting in can be cheaper nowadays
In 2014, the parity was 0.4 GBP for 1 USD, but in 2017 it peaked 0.8 GBP for 1 USD. At the time of this article, the value was around 0.72.
No, hotels and flights won't become cheaper (and obviously the travel agents haven found ways to compensate for this for their own advantage - if this were the case...).
But the purchase power of euros and US dollars is undoubtedly higher.
Now is the time to visit the UK! If you have the right currency to buy sterling with...
Locals will pay more due to the weakening pound sterling
Obviously, it's true vice-versa as well: if you live in the UK, it will be (it is already!) more expensive to travel outside of the country due to the exchange rates involved.
You might not always notice this: for instance, when flying with British Airways or easyJey and paying with sterling, the influence will be mild. But when purchasing foreign cash and paying locally with your credit card, it will hurt.
Some are predicting a weaker outflow of UK tourists traveling to foreign countries, as these will have become substantially more expensive to afford.
Flights could cost more after Brexit
The UK has a number of bilateral agreements with EU agencies (such as the European Aviation Safety Agency) and has partnerships with a vast number of other EU companies regarding air travel safety, maintenance etc.
It is less likely that these ties will be severed. Norway and Switzerland aren't EU members, but traveling to and from them
Hotel costs: sometimes cheaper, but don't count on it
Due to the cheaper pound sterling vs US dollar or euro exchange rate, in theory the cost of a hotel night should turn out to be cheaper for someone booking from abroad.
Again, I'd like to emphasize that the cost of a hotel night won't diminish, it's the the favourable exchange rate that will help spending less. But this is the case only when you exchange a currency, which has a favourable rate vs. the pound sterling.
Free movement rules could change?
Uncertainty surrounds this key aspect of traveling to the UK, shortly: it remains to be seen.
Certainly, the ongoing migrant crisis is going to influence the decision of weather to limit or not free movement between the UK and the EU (nevertheless, it's continental EU through which the migrant masses are arriving to the British Isles).
Watch the news, keep your eyes wide open and follow the trends to understand how your travels will be impacted.
About the Author:
Escape Hunter, the young solo traveler in his early 30's explores the World driven by curiosity, thirst for adventure, deep passion for beauty, love for freedom and diversity.
With a nuanced, even humorous approach to travel, an obsession for art and design, Escape Hunter prefers to travel slowly, in order to learn and "soak up" the local atmosphere...
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