LONDON, 26 August 2019: Brexit uncertainty is already having a severe impact on overseas holiday bookings from the UK, according to a survey released by KPMG last week.
Families with small children are most likely to postpone holiday plans as the 31 October Brexit deadline approaches. Around 15% of parents interviewed said they would miss out on a holiday break.
As the value of the UK, pound diminishes against other currencies, and the deadline approaches an average of 9% covered in the survey said they were postponing trips.
But there’s a silver lining for destinations that target retirees. Only 6% of the silver generation (over 55s) indicated they might skip a holiday break.
Asian destinations are likely to see a marginal decline in visits from the UK post-Brexit.
According to KPMG UK head of consumer markets Linda Ellett: “These figures bring to light just how much Brexit has impacted people’s everyday lives. We can see this in the way that people are delaying significant purchases such as new cars or foreign holidays.
“When looking at travel and holidays, in particular, fears around flight paths and border controls are clearly playing out in people’s actions, and of course the fall in the value of sterling won’t have done much to entice people overseas either.”
