5 Things BREXIT Means for Corporate and Leisure Travel
The UK has voted to leave the EU. While most of the impact is still unknown at this point, and the full pull-out of the EU potentially taking years, here are some ways our Travel Managers think BREXIT could impact luxury corporate and leisure travellers.
Flights to the EU to increase in price
EU deals meant that budget airliners like Easyjet could undercut more established airlines like British Airways, bringing the cost of travel to the continent down. This was fantastic news for corporate travellers, and for those looking for weekend breaks. Now, with those restrictions removed, prices could increase, making the swift get-away to a Greek island that little bit more challenging. <Maybe cut out the discerning/luxury element out, doesn’t make sense with Easy Jet. Surely they never travelled on budget airlines?>
Currency exchange could be more expensive
Sterling opened today at its lowest value since 1985. This means that in the short term, currency exchange with foreign markets will be less cost effective. In the midterm, we expect the UK market to stabilise, but this is dependent on the sort of deal the UK negotiates as it leaves the EU.
Higher mobile phone roaming charges
While some mobile phone contract providers in the UK have begun to reduce – or remove entirely – the costs of using your phone abroad. An EU directive means roaming charges had to be abolished by June 2017. Presumably the UK government will cease to implement EU directives from now on.
Beach pollution to increase?
The EU rescued European beaches from the brink of dangerously high pollution and litter levels. In Britain, particularly, beaches have been transformed, with much less raw sewage being dumped into the coastline. There is still work to do, however, so will that ever happen now the UK has voted BREXIT?
No change for passports?
One question many people are asking is whether UK residents will need to apply – and pay for – new passports? We expect the answer is no, as a passport is tied to the national identity of its owner. UK residents will be able to use their EU passports until they expire, where they will be replaced by a non-EU passport. Simple.