Chat with us, powered by LiveChat

0208 417 1366
Mon–Fri: 9am–7pm, Sat & Sun: 9am–4pm

British Travel Award Winner 2017

How will Brexit affect luxury travel? By Alex Way

How will Brexit affect luxury travel? By Alex Way Published on .

Brexit UK Flag - Affect Luxury Travel - Just Fly Business

How will Britain choosing to leave the EU affect the business class travel and luxury travel industry? This article was also published on Travel Bulletin.

Brexit is here

But what does that mean for the luxury and business travel industry? Well the reality is that very little 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 than 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 are truly exceptional, 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 should be flying the same routes as pre-Brexit. This competition is likely to keep prices stable. Likewise, although some expect the relative price of hotels to increase temporarily, they equally want your business as much as we want to enjoy the delights of a luxury holiday. So again, the good deals will be there.

Another long term effect we as an industry may have to contend with, is a 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 it’s 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 a less affordable option.

It could 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.

Alex Way

Managing Director at Just Fly Business.

Business Class Deals

CityPriceDetails
Abu Dhabifrom £1049More
Antiguafrom £989More
Atlantafrom £1654More
Aucklandfrom £2395More
Australiafrom £2249More
Bahamasfrom £1992More
Bahrainfrom £1134More
Balifrom £1570More
Bangkokfrom £1298More
Barbadosfrom £999More
Beijingfrom £1399More
Bostonfrom £1285More
Brisbanefrom £1939More
Buenos Airesfrom £2439More
Cairnsfrom £2039More
Calgaryfrom £1349More
Cancunfrom £1499More
Cape Townfrom £1749More
Charlottefrom £1876More
Chicagofrom £1049More
Christchurchfrom £2489More
Cubafrom £1433More
Dallasfrom £1750More
Delhifrom £1060More
Detroitfrom £1750More
Dohafrom £989More
Dominican Republicfrom £1151More
Dubaifrom £949More
Durbanfrom £1489More
Edmontonfrom £1499More
Grenadafrom £1375More
Hanoifrom £1379More
Hawaiifrom £1849More
Ho Chi Minh Cityfrom £1451More
Hong Kongfrom £1349More
Houstonfrom £2149More
Jakartafrom £1237More
Jamaicafrom £1048More
Jeddahfrom £1099More
Johannesburgfrom £1500More
Koh Samuifrom £1347More
Kuwaitfrom £950More
Las Vegasfrom £1599More
Limafrom £1549More
Los Angelesfrom £1799More
Maldivesfrom £1430More
Manilafrom £1417More
Mauritiusfrom £1749More
Melbournefrom £1699More
Memphisfrom £2024More
Miamifrom £1749More
Montrealfrom £1790More
Mumbaifrom £1235More
Muscatfrom £1223More
New Orleansfrom £2178More
New Yorkfrom £999More
New Zealandfrom £1799More
Orlandofrom £1236More
Osakafrom £1725More
Penangfrom £1089More
Perthfrom £2169More
Philadelphiafrom £1340More
Phoenixfrom £2395More
Phuketfrom £1089More
Port Elizabethfrom £1899More
Portlandfrom £2731More
Raleighfrom £2234More
Rio de Janeirofrom £1849More
Riyadhfrom £1150More
Salt Lake Cityfrom £2465More
San Diegofrom £1799More
San Franciscofrom £1749More
Santiagofrom £2399More
Sao Paulofrom £1475More
Seattlefrom £1699More
Seoulfrom £1699More
Seychellesfrom £1699More
Shanghaifrom £1249More
Singaporefrom £1249More
Sri Lankafrom £1273More
St Luciafrom £1089More
Sydneyfrom £1998More
Taipeifrom £1599More
Tampafrom £1540More
Tokyofrom £1749More
Torontofrom £1499More
Vancouverfrom £1695More
Washington, D.C.from £1273More
Wellingtonfrom £2389More
Winnipegfrom £1895More

Where Do You Want To Go?

Why book with us?

  • Best prices for flights,
    hotels & car
  • Experienced, friendly staff
  • Easy booking process
ATOL Protected

Just Fly Business takes your privacy very seriously. Please see our privacy policy and terms & conditions here

Scroll Up