Brexit Takes a Bite out of Business Travel — Skift Corporate Travel Innovation Report
Photo Credit: Business travel to and from the UK has fallen this year, which some believe is a result of the uncertainty caused by the Brexit vote. In this photo, crowds walk over the Millennium Bridge in London. Flickr / Ben Cremin
Skift Take
Is the decline in business travel to and from the UK so far this year just a blip or a post-Brexit trend? The uncertainty that still remains around Britain's departure from the EU isn't giving companies confidence, and that's bad for business travel.
The Skift Corporate Travel Innovation Report is our weekly newsletter focused on the future of corporate travel, the big fault lines of disruption for travel managers and buyers, the innovations emerging from the sector, and the changing business traveler habits that are upending how corporate travel is packaged, bought, and sold.
If there was an overarching message in 2016, it was this: Business travel does not like uncertainty. And nearly a year after citizens of the UK voted to leave the European Union, there are still many unknowns about how Brexit will play out.
As Europe Editor Patrick Whyte reports, business travel to and from the UK is down for the first six months of the year. In the quarter that ended June 30, incoming business travel fell 4 percent year-over-year while outgoing business trips dropped 7 percent. Experts say business confidence is low due to political uncertainty and the potential impact of Brexit.
In an annual global forecast released last month,Â
