Brexit Is Still Casting a Shadow Over UK Travelers
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In a tough UK market, online travel's On the Beach is doing better than some others. Still, it remains to be seen how long it can outperform the rest, especially with the general gloom surrounding the United Kingdom.
Buried inside online travel agency On the Beach’s interim results announcement on Tuesday is the estimate that the UK outbound travel market is down around 10 percent, thanks largely to “ongoing uncertainty regarding Brexit.”
The UK was supposed to have left the European Union on March 29, but Prime Minister Theresa May’s inability to get her deal through parliament meant she needed to secure a postponement.
Kicking the can down the road may have taken Brexit out of the spotlight for at least a few months, but travel businesses are still dealing with the consequences of the original deadline.
"Looking forward, we continue to remain cautious of the consumer environment until a Brexit resolution is found, but the resilient and flexible nature of our business model allows us to focus on profitable growth and gives us confidence in the group's outlook. We will continue to evalu
