What the UK Election Result Means for Travel and Tourism
Photo Credit: Britain's Prime Minister Boris Johnson talks during a question and answer session during the election campaign. Johnson now has a substantial majority in Parliament. Pool via Associated Press / Ben Stansall
Skift Take
Boris Johnson wants to get Brexit done, but in reality leaving the European Union will be a long and arduous process — and ultimately leave the country poorer. It's going to be a rocky few years for the UK's travel and tourism industry.
Ever since the UK voted to leave the European Union in the June 2016 referendum, the country has been in a state of paralysis.
That looks to be over now thanks to a thumping win in the general election for Prime Minister Boris Johnson and his ruling Conservative Party.
It seems certain now that the UK will leave the European Union by January 31, 2020. This and other consequences of this decisive victory are sure to have significant consequences for the travel and tourism industry, not just in the UK but in Europe and the rest of the world.
The UK is the 10th biggest travel destination in the world, while also being the fourth biggest outbound market by spending, according to the United Nations World Tourism Organization. What happens to the country matters for the global market.
Short-Term Boost
Businesses hate uncertainty. It might be a cliche but it's a cliche for a reason. Following Thursday's election, share prices seem to have reacted pretty positively.
The likes of
