Brexit, for or against tourism?

The progress of the tourist market in Great Britain which began in 2012 through various projects, such as the construction of the Olympic Stadium and the subsequent Olympics, the improvement of tourist reception and infrastructure in lesser-known urban areas and on the outskirts, is destined to continue, according to what previously outlined by the English Government, at least until 2020.

However, expectations on estimated positive results in the tourism sector remain uncertain with the ongoing ‘Brexit event’, which since March 2019 has been slowing down the process of British economic growth.

With the recent end of the ‘May Kingdom’, the effects of detachment from the European Union could significantly worsen the security and stability, not only economic, of the UK.

There would be more jobs at risk and greater difficulties due to changes in the mandatory documentation required for expatriation, such as visas for work or tourism, the limitations of temporary stay in the UK limited to 90 days, as already happens in the United States.

While airfares would remain more or less stable and advantageous thanks to the numerous low-cost flights, the favorable exchange rate of the pound would favor the economic stability of British tourism.

With these assumptions, therefore, there would not be a significant loss in the number of visitors and revenues, to the detriment of the possible negative forecasts that would emerge with Brexit confirmed, so far, for the end of October 2019.

The result of Brexit on the economic performance of the tourism sector would therefore still remain uncertain, which all things considered, would continue with a slow growth process and with a positive balance between economic consequences ‘for and against the Brexit effect’.