0 Selected+
City and finance

Hello! You are viewing your 1 free guest article this week

Please log in or join now for free, immediate and unlimited access to our award-winning online content. Find out more...

Join us
Already a member? Log in here


10 May 2018

BY Sophie Griffiths


Industry leaders 'cautiously optimistic' about 2018

Travel leaders have said they remain “cautiously optimistic” about the industry in 2018, despite the challenges and uncertainty caused by Brexit.

Family holiday - beach (stock)

'Cautious optimism' about the year ahead

Opening the Barclays Travel Forum in London yesterday, Gavin Isle, head of UK coverage at Barclays Corporate Banking told delegates: “I remain cautiously optimistic about the economy. There is definitely a sector divide – in manufacturing we’re seeing a lot of growth there, and in tech and telecoms.


“But in all sectors we’re seeing businesses performing well. What is key is a good understanding of your market and product.”


Isle added he had noted that unlike other sectors there was no north or south divide in the travel industry. “We’re seeing businesses in the north performing very strongly, such as, which continues to perform very well,” he said.


Graham Pickett, global head of aviation and travel at Deloitte, agreed he was also optimistic, but added: “There’s a fair degree of caution around”.


“Our survey shows a decline in consumer spend, which could affect the holiday space,” he said. “There’s a change in how people will take their holidays and that has an impact on spend.”


Asked about the lates market for this year, Pickett replied: “The late bookings market will be quite challenging because I think there will be excess demand around so we could see some late deals. But this is not an industry that struggles with change,” he added.

Add New Comment
Please sign in to comment.
Show me more
TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: New Bridge Street House, 30-34 New Bridge Street, London EC4V 6BJ
Scroll To Top