How the Brexit Will Affect Your Summer Travel to Europe
Friday's controversial vote to remove Britain from the European Union has led many to wonder whether or not their summer Eurotrips will be hindered by the change. While this concern pales in comparison to those likely felt by Britons themselves, the fact remains that Brexit could have a significant effect on the U.K.'s tourism industry during the height of the summer travel season.
First off, Americans can now get more bang for their buck across the pond, with the exchange rate between the dollar and the British pound reaching a record low immediately following the vote. "For lots of people, London is traditionally an expensive tourist destination, and with this shift the U.K. and specifically London are now within reach for a lot of U.S.-based travelers," said Zach Honig, editor in chief of The Points Guy, in an interview with The New York Times.
The Times' Elaine Glusac also speculates as to the impending shift in flight prices as a result of the vote. Simply put, it's the perfect time to travel to Europe. While flights to Britain have been low for about six weeks now (around $500 round-trip compared to $1800 round-trip just a few years ago), George Hobica of AirfareWatchdog.com believes they will continue to plummet. "It may have been an anticipation of Brexit, but we don't know," he said. "It's probably also the fact that the euro and the pound were drifting lower, and that means that fewer people were flying from Europe to the U.S. and the airlines had to fill those seats with people flying from the U.S. to Europe."
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