Apr 29, 2019
Brexit drives shift in British holiday plans, Thomas Cook says
Brexit uncertainty has driven a shift in British travel plans, with more holidaymakers choosing to book their summer breaks outside the EU, Thomas Cook said. Thomas Cook attributed the shift to "a year of political turmoil", and said that many holidaymakers have delayed their decisions on when and where to travel to because of "Prolonged uncertainty around the manner and timing of Britain's exit from the European Union." "The weakness of the pound against the euro is the most likely cause for holidaymaker's willingness to venture further afield, almost half of Brits say they have been watching exchange rates more closely than previous years," Thomas Cook said. Thomas Cook said a slight rise in the popularity of "All inclusive" bookings was likely due to customers wanting to "Lock in" costs for food and drink as a hedge against a decline in the value of the British pound. Turkey is the biggest beneficiary of the shifting holiday trends, Thomas Cook said, with the country leapfrogging Greece to become the second most popular package holiday destination after Spain.
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