Travel Convention 2016: Consumer confidence resilient following Brexit vote

Consumer confidence in holiday bookings have not been blown off course by the Brexit vote.

PwC partner David Trunkfield told the Abta Travel Convention that the travel sector had reasons to be optimistic with consumers continuing to have more disposable income – and they will still have for some time to come.

However, some uncertainty remains following the decision to leave the European Union and on how the UK government negotiates the country’s exit.

He highlighted other “headwinds” such as potential terrorism shocks and political unrest but described UK travellers as a “resilient bunch”.

The main holiday continues to be the second most important spending priority after grocery shopping and above savings and investments and home improvements, according to PwC research released at the convention in Abu Dhabi.

“Holidays remain a very important spending priority,” Trunkfield told delegates.

His comments came after an Abta study found almost a quarter of people plan to spend more on holidays next year’s with a similar proportion looking to take an all inclusive break in 2017, Abta brand and business development director Victoria Bacon revealed.

“More people plan to try new destinations next year,” she added, with some going to places perceived to be safer in the wake of terrorist attacks and political unrest

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