Brexit: What it means for the traveller

Brexit: What it means for the traveller

The great divorce

Denise Kok

David Cameron has resigned and the Pound has plunged to a historic low. What's in store for the humble traveller? Ross Veitch, CEO and co-founder of Wego, weighs in

1. More bang for your Pound
"The UK Pound has dropped 9.8 percent, with the value of the pound to the dollar at 1.3415 in early trading since the referendum result has become clear, which means a UK holiday is going to be cheaper for most foreign tourists than it has been for about 20 years. In-destination trip costs such as accommodation, dining, entertainment and shopping will allow significantly better value for the foreign traveller after exchanging their local currency."

2. Get ready to wait in line
"You can possibly expect to see a number of changes at arrival points at UK airports, as previously, as a member of the EU, travellers from EU countries were permitted visa-free entry so the result could mean busier entry lines at customs as they queue up with other international visitors."

3. Higher airfares on the horizon
"The UK's airline network may also have to review regulations, which as a part of the EU secured single aviation area treaties across Europe, which may increase airfare costs for the UK's national carriers." 

4. Lower rack rates at hotels
"Accommodation costs however, could drop, as Britain fights to retain its large inbound visitor numbers from Europe who will no longer be able to travel freely into the country."

5. Travel hub no more
"As a long-serving entry hub to Europe, London may now be increasingly challenged by other key EU hub airports such as Paris, Frankfurt and Amsterdam which will offer inbound travellers easier onward movement around EU member countries. Although it will take time, it's likely the UK government will try to negotiate similar travel agreements to replicate those in place as a member of the EU."