News

Brexit confidence low among inbound travel companies

Business confidence remains low among inbound travel companies amid uncertainty over Brexit.

Confidence for the next 12 months for UKinbound members stood at 47% in May-June, slightly up on March-April figures.

But confidence has steadily declined since September-October 2017, when it stood at 60%.

UKinbound chief executive, Deirdre Wells, said: “It’s unfortunate but not surprising that confidence in our industry remains low.

“The implications of Brexit and resulting uncertainty continues to cause challenges for our members.

“It is positive, however, to see that yield, alongside bookings/visitor numbers/customer orders, is holding and growing, but the industry needs answers from government about the UK’s relationship with the EU post-Brexit in order to safeguard the long-term growth and success of the UK’s inbound tourism industry.”

Latest UKinbound business barometer results show that 72% of members stated that bookings/visitor numbers/customer orders were the same or higher compared to the same period last year.

For those that were higher, orders had increased by an average of 27%.

In addition, 82% had seen yield stay roughly the same or up compared to 2017 figures.

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.