What Brexit might mean for UK travel?

Luke PetherbridgePublic Affairs Manager

What Brexit might mean for UK travel?

• ABTA and Deloitte report, available online - www.abta.com/eureferendum

• Report looks at potential impacts of a “leave” vote by:• Looking at what the EU has meant for travel• Examining key referendum factors for travel businesses, and your customers

Issues examined

Links between the UK and the EU travel industry Economic overview How Brexit would work in practice Regulatory impacts – travel businesses and consumers Employment impacts Investment and currency impacts, and impacts on consumer confidence

• Includes a business checklist of questions that ABTA and Deloitte believe businesses in travel should ask.

Travel between the UK and the EU

175,000

350,000

343,000

How would Brexit work?• Minimum 2 years of negotiations (Article 50)• Trade off between access to single market and freedom of movement

Brexit and your customers

What might UK travellers be missing out on?

• Opportunities for bilateral agreements (new destinations and trade opportunities)

Brexit and the travel industryRegulatory impacts (liberalisation, mutual qualifications)Tax and trade impacts (VAT, harmonisation)Employment impacts (Freedom of movement, costs) Investment impacts (investing in UK businesses)Currency impacts Confidence impacts

Thank you!Luke Petherbridge, Public Affairs Manager

E: lpetherbridge@abta.co.ukT: 020 3117 0578

www.abta.com/eureferendum