Of course its way too soon to call what the impact of Brexit will be on the travel industry, and likely to differ depending on whether you are in outbound tourism or inbound.
As travel recruiters, our immediate fear was that many clients would impose temporary recruitment freezes, or put active recruitment assignment on hold, or even withdraw them altogether.
A week after Brexit, the initial evidence is positive, clients appear not to be knee-jerking, and all the vacancies we were working on remain open. It's early days but its encouraging.
Bookings this week appear to have been affected only by the recent terrorism in Istanbul Airport, and not by Brexit. My personal view is that whilst Brexit will undoubtedly cause uncertainty and change, it is the prospect of terrorism that delivers the greater threat to our remarkably resilient industry.
The UK vote to leave the EU sent shockwaves across Europe. Ian Taylor assesses the industry’s reaction, Ian Taylor assess the industry's reaction Industry leaders insisted nothing will change for the time being in the travel sector but admitted uncertainties about consumer demand, regulatory issues and profits. Leading companies said they expect limited impact on their businesses, although they acknowledged a fall in sterling’s value could hit UK holidaymakers in resort and Tui expressed concern about the impact on consumer sentiment.
