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Brexit intelligence

“The USA would be the source market contributing the most under this scenario, but with fewer than 100,000 additional arrivals over 2019 to 2022.”


Furthermore, the fallout from a “no-deal” Brexit scenario would be felt worldwide, added Bremner.


She pointed out Spain in particular, where UK travellers account for 21% of inbound revenues in 2018.


“Brexit could reduce 2019 receipts by $747 million, compared to a delayed free trade agreement, with the UK accounting for over half of that,” she said.


WTM London’s Paul Nelson said: “With less than five months until the UK leaves the EU, there is still huge uncertainty about what the future holds, with many commentators thinking the likelihood of a ‘no-deal’ Brexit is increasing.


“It’s against this precarious backdrop that we hope to help the UK and global travel industry understand the potential impact of different scenarios so that they can plan for various eventualities.


“Brexit has been woven into the fabric of most of our debates and sessions at WTM London because it is the key challenge that our delegates have to grapple with.


“There were 46.6 million holiday visits abroad by UK residents in 2017 – if there’s ‘no deal’ in the negotiations, and the market does indeed drop by five million by 2022, that would represent a potential fall of about 10%.”

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