Just You launches travel trade solo experience

Just You launches travel trade solo experience

Friday, 21 October 2016 14:00

Just You h...

Spontaneous people are happier according to Snaptrip survey

Spontaneous people are happier according…

Friday, 21 October 2016 11:00

Spontaneous people are often believed to lead more exciting or glamorous lifestyles and a new study has confirmed that they are happier in all aspects of their lives.

Top Brighton attractions on Combi-Saver tickets for half term

Top Brighton attractions on Combi-Saver …

Friday, 21 October 2016 09:00

Visitors to Brighton this October half term can save up to 20% on its top three paid-for attractions with combination tickets now available for British Airways i360, SEA LIFE Brighton...

Free cabin upgrades with Cosmos Tours

Free cabin upgrades with Cosmos Tours

Thursday, 20 October 2016 14:00

There still’s time for agents to book a Croisieurope river cruise for their customers with a free cabin upgrade on a range of river cruises throughout Europe, when booked with...

Last minute autumn breaks available at Haven

Last minute autumn breaks available at H…

Thursday, 20 October 2016 11:00

Agents can still give their customers a last minute family break this autumn from £99 when booking a Haven holiday between now and November 5.

Skiers urged to head east for best piste costs reveals new report

Skiers urged to head east for best piste…

Thursday, 20 October 2016 08:00

Cash-conscious skiers can avoid the slippery slope of higher prices for their annual downhill trip by heading to ski resorts in Eastern Europe.

Design an anniversary poster for DFDS competition

Design an anniversary poster for DFDS co…

Wednesday, 19 October 2016 14:00

Ferry operator, DFDS, is putting out a call to professional and amateur artists to create a poster that will be used in their 150th anniversary celebrations this year.

Savings on worldwide adventures with Explore

Savings on worldwide adventures with Exp…

Wednesday, 19 October 2016 11:00

Explore has launched a new collection of worldwide adventures with a launch offer of up to 10% discount on all new trips booked by November 7.

New route to Seattle makes it one to watch for 2017

New route to Seattle makes it one to wat…

Wednesday, 19 October 2016 09:12

Seattle is expected to be one of the fastest growing US destinations for UK travellers next year with a Virgin Atlantic direct non-stop daily flight launching March 2017, new hotel...

Air Transat launches 2017 programme with increased connections across Canada

Air Transat launches 2017 programme with…

Tuesday, 18 October 2016 14:04

Air Transat has expanded its programme of flights from the UK to Canada with increased capacity and connections for travel in 2017.

Oceania Cruises reduces single supplement fares

Oceania Cruises reduces single supplemen…

Tuesday, 18 October 2016 14:02

Oceania Cruises has launched a reduced single supplement promotion for solo travellers, with guests offered single supplements fares from 25% on seven itineraries, booked before December 31.

Mall of America welcomes arrival of MythBusters

Mall of America welcomes arrival of Myth…

Tuesday, 18 October 2016 14:00

Running throughout autumn until January 15, 2017, visitors can ignite their curiosity and discover whether they can really huff and puff to blow a house down; if running in the...

Emirates to launch new daily service to Fort Lauderdale

Emirates to launch new daily service to …

Monday, 17 October 2016 11:00

Emirates has announced that it will launch a daily service between Dubai and Fort Lauderdale-Hollywood International Airport, on December 15, serving the South Florida area, including Fort Lauderdale, Miami and...

New tours in UK & Europe from Back-Roads Touring

New tours in UK & Europe from Back-R…

Monday, 17 October 2016 08:42

Small group tour specialist Back-Roads Touring has launched its summer 2017 brochure to reveal a unique line up of new itineraries in Switzerland, Scandinavia, the Baltics, France, Iberia and Russia.

Star studded cruise line up from CMV in 2017

Star studded cruise line up from CMV in …

Friday, 14 October 2016 10:16

Cruise & Maritime Voyages has announced five star-studded cruises for 2017 following the arrival of its new main brochure.

Non-stop flights to Manchester from SIA

Non-stop flights to Manchester from SIA

Friday, 14 October 2016 10:11

Singapore Airlines will fly non-stop between Singapore and Manchester from October 30 as part of its northern winter schedule.

Brexit is here. But what does that mean for the luxury and business travel industry? Well the reality is that very little will happen will happen for the time being, especially in terms of travel outside of the EU. Even within the EU, existing regulations will remain in place for two years, even after someone pulls the trigger on section 50.

The one real immediate impact we are seeing is the weakening in value of the pound. At the time of writing, approximately three weeks after referendum day, the pound is still down 10% against the dollar. Against some currencies it has slipped a little, while against others; slightly more.

Already holidaymakers and travellers are experiencing less value in the exchange rate then we have seen in previous months; meaning people are having to spend a little bit more for every cocktail, meal and souvenir they buy overseas.

 At the moment the markets are very volatile, so the message is 'shop around for your holiday money'. There are plenty of places both online and offline where holidaymakers can find a good deal. Buy when you feel that the markets are settling, or only when you have to.

The other way to limit your exposure to unexpected currency fluctuations while abroad, is to go for a more ‘inclusive’ holiday package. Many of these packages offer great value for money, providing excellent food, drink and water sports activities, meaning you can budget far more easily. 

Long term, whether you choose to fly in economy, business or first class, all the airlines are still going to be competing for your hard earned money and with the re-working of air regulations should be flying the same routes as pre-Brexit. This competition is likely to keep prices pretty stable. Likewise, although some expect the price of hotels to increase temporarily, they equally want your business as much as travellers want to enjoy the delights of a luxury holiday. So again, the good deals will be out there.

Another long term effect we as an industry may have to contend with is a much more uncertain economy caused by Britain leaving Europe. This could swing in one of two ways. Firstly, that the ‘Brexiteers’ were actually right, and leaving will have a positive effect on the country and on the value of the pound; in turn will having a very positive effect on the industry. People will be able to spend more on luxury holidays and will see a better return on their currency when its exchanged.

The second and more negative option is that we will continue to see the stability of the economy decrease further and, along with it, the power of the pound against other currencies. This in turn may lead to an increase in taxes, leaving consumers will have less money, making travel in general an unaffordable option for many.

It would also be naive to think that the amount of business travellers to the UK would remain the same in the post-Brexit landscape. ABTA, the UK’s largest travel association reported that in 2014, 73% of all business visitors to the UK are from EU countries; that's six million in total. Likewise, they found that 68% off business travel out of the UK is to EU countries, totalling 4.6 million people.

Personally I think the fallout will be far less painful than many originally imagined. Whichever way it goes, the Brexit train is leaving the station, so let’s jump on and make the best of it!

Visit justflybusiness.co.uk for more information.

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