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The number of Brits taking short-breaks
in England was up 10% compared to the
previous year with people also taking
about 4 million more short-breaks in
England than they did ten years ago.
Also in 2015 domestic seaside holiday
trips were up 7%, city holidays up 6% and
countryside holidays up 12%.
Begbies Traynor, the UK’s leading
independent insolvency firm, expects the
UK’s tourism industry to be one of the first
sectors of the economy to benefit from the
Brexit vote “fallout”, as the weak pound
makes Britain an even more desirable and
cost effective holiday destination for both
domestic and international holidaymakers.
According to Begbies Traynor’s research,
British tourism businesses were already in
a state of improving financial health in the
three months leading up to the Brexit vote,
with levels of “financial distress” falling
4% across UK-focused travel and leisure
businesses.
Julie Palmer, Partner at Begbies Traynor,
says: “Since the Brexit vote, while most
sectors of the economy have started to
batten down the hatches to wait for the
Brexit storm to blow over, in contrast the
UK’s domestic travel and tourism industry is
expected to be one of the first sectors of the
economy to see tangible financial benefits
from the Referendum result.
“The significantly weaker pound has
already made travel to Europe for British
families £245 more expensive on average,
which should encourage more to favour
staycations on home soil. Meanwhile
currency fluctuations have also made
travel to the UK from Europe and the US
in particular more affordable, helping
incoming tourists to get a lot more
bang for their buck.”