WTM London 2021: Full impact of Brexit still to come

The full affect of Brexit on the worldwide journey business has not but been felt, reveals analysis launched at the moment by WTM London.

Some 700 senior professionals from round globe contributed to the WTM Industry Report, and had been requested whether or not their enterprise had felt any particular Brexit-related pressures, to this point.

Almost half (45 per cent) stated they hadn’t seen any distinction in 2021 due to Brexit.

Of those that acknowledged a Brexit impact, the response was overwhelmingly internet destructive.

Only eight per cent famous a optimistic affect in contrast with 24 per cent highlighting a destructive.

The steadiness, representing one-in-four (23 per cent) of the business, had been uncertain or didn’t know the extent to which Brexit was an element of their 2021 efficiency.

The UK formally left the European Union, with a commerce deal, on the finish of 2020.

The UK/EU commerce deal has already resulted in some regulatory modifications that can affect inbound and outbound journey between the UK and the remaining member states. 

Many of the UK’s largest cell phone operators have introduced the top of surcharge-free roaming for travellers, as was required by legislation when the UK was a part of the EU.

This change will add to the price of a visit for a lot of and harm the in-destination expertise for some.

Potential points round passport expiry dates, driving licences, insurance coverage, staffing ranges at resorts, immigration traces at airports, and extra, are prone to persist into subsequent 12 months, alongside the problems associated to Covid-19.

There will even be a mixed Brexit/Covid affect on companies in addition to customers. Recruiting employees might be completely different, whereas the complexities stay round cross-border tax, refunds, fulfilment and accounting.

Simon Press, exhibition director, WTM London, stated: “To some extent, the business to this point has dodged the Brexit bullet as a result of the Covid disaster overshadowed and dominated what would have been the primary peak vacation season of the Brexit period.

“But as Covid restrictions begin to ease, Brexit-related issues round visas, monetary protections, safety, duty-free allowances, well being cowl and so forth will come to the fore as soon as extra.

“These modifications will have to be thought of – and utilized – within the context of the post-Covid journey panorama.

“The business must prepare for Brexit once more, by way of not solely our personal enterprise operations but in addition how we let prospects know concerning the new necessities.

“WTM London helped businesses prepare the first time around and will continue to offer insights and education as Brexit reasserts itself into the travel conversation.”

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