Conference Planners Show Surging Interest in London Since Brexit
Photo Credit: The ExCel London convention center is entertaining an increasing volume of bids from U.S. event planners following the Brexit referendum vote. ExCel London
Skift Take
Demand for conference space in London is always high, but price considerations usually tend to dampen some of that excitement. With a 15 percent drop against the U.S. dollar though, suddenly post-Brexit London seems like a bargain, relatively speaking.
London is on sale for convention organizers who typically view the English capital as one of the world's most expensive cities to host a business event.
The British pound has been in a bit of a free fall since the Brexit vote on June 23, 2016 when it was trading at 1.49 GBP to $1 U.S., before dropping to 1.29 by July 6. As of yesterday, the pound is worth 1.27 U.S. dollars.
This week, The Independent reported that the pound is at a 31-year low against the dollar.
That's a big shift for U.S.-based co
