With the U.K. (and continental Europe) gripped in Brexit uncertainty, the travel industry is having to put contingency plans in place to ensure business as usual for the millions of domestic and foreign travelers. The overriding message from the ‘Brexit – Dead Ahead’ panel during Phocuswright Europe in Amsterdam last week, is that everyone loses. […]
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The European Commission has confirmed that the British should pay €7 (£6,30) every 3 years, in order to travel to EU countries from 2021 on. The European Travel Information and Authorization System (ETIAS) will allow them to travel within the EU Schengen zone for up to 90 days each time. Citizens of 61 countries, including […]
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A hike in the cost of foreign holidays is the main post-Brexit fear for British travellers, new research reveals. Other areas of concern reflect the far-reaching implications of leaving the European Union. More than half (54%) of the 1,000-people polled said they were specifically concerned about the worsening pound/euro exchange rate. A similar proportion (52%) […]
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The possible withdrawal of the United Kingdom from the European Union (shortened to “Brexit”) could have disastrous consequences on the wallet of British travelers and therefore on the European tourism as a whole. The cost of traveling to the UK might also increase with costlier air fares. On 23 June, British citizens will decide whether […]
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European tourism demand entered 2023 on a strong footing despite ongoing challenges, with international tourist arrivals 18% below 2019 levels. This is according to the latest edition of the ‘European Tourism Trends & Prospects’ quarterly report from the European Travel Commission (ETC), which monitors Europe’s tourism recovery, macroeconomic developments and other major factors having an […]
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The soaring cost of living around the world is by far the greatest threat to travel businesses in 2023, according to WTM London research. A poll of travel professionals asked: “Which of the following is most likely to affect your business negatively in 2023?” and almost half (44.8%) cited ‘cost of living generally’. The price […]
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UK duty free spend is forecast to plummet by 70% between 2019 and 2025 owing to new rules introduced in January 2021 which only enable alcohol and tobacco to be purchased duty free. Germany and France will overtake the UK’s number one position to become Europe’s biggest duty free markets, by 2025. The UK’s share […]
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The UK risks becoming increasingly isolated if it continues to keep the doors closed to significant international travel, says the World Travel & Tourism Council (WTTC). The warning from WTTC, which represents the global Travel & Tourism private sector, comes as figures reveal that forward bookings for international flights are lagging far behind the increased […]
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Ryanair Holdings plc today (1 Feb.) reported a Q3 loss of €306m, compared to a PY Q3 profit of €88m. Features of this 3-month period to 31 Dec. included: • Q3 traffic fell from 36m to 8m (-78%). • €3.5bn cash at quarter end (31 Dec.). • Cost reduction & liquidity management continues at all […]
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After intensive negotiations, the European Commission has reached an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our […]
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