Articles tagged “brexit”

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

In Latest Brexit Woe, UK’s On the Beach Travel Sales Plunge

John Lauerman and Lisa Pham, Bloomberg

A drop in the value of the British pound relative to the euro and the dollar is pressuring On the Beach. Smaller players like this UK-based packaged-vacation seller can't afford the currency hedges and other benefits of scale that larger players can. More industry consolidation is likely as a result.

2 weeks ago

UK Leaves Interrail Scheme — and Then Promptly Rejoins After Public Response

UK Leaves Interrail Scheme — and Then Promptly Rejoins After Public Response

Rosie Spinks, Skift

Britain's Rail Development Group contends it's not leaving the Interrail scheme for reasons related to Brexit. But the optics and timing of the move aren't great — not to mention it goes against several global trends in travel at the moment.

2 weeks ago

Global Biz Travel Needs to Brace for a Slower 2020

Global Biz Travel Needs to Brace for a Slower 2020

Isaac Carey, Skift

Travel prices are starting to lag as political tensions put a damper on travel and corporate bookings go down.

3 weeks ago

What Political Unrest Means for Global Biz Travel in the Coming Year

What Political Unrest Means for Global Biz Travel in the Coming Year

Isaac Carey, Skift

It all comes down to uncertainty, making consumers more cautious and businesses more likely to cancel travel. Unfortunately, this anxiety isn't going to end any time soon.

3 weeks ago

Ryanair CEO Slams Boeing for Not Having Its (Expletive) Together on Max Issues

Ryanair CEO Slams Boeing for Not Having Its (Expletive) Together on Max Issues

Patrick Whyte, Skift

Ryanair's CEO sounds like he is rapidly losing patience with Boeing over the Max delays. Airlines clearly want to start flying it as soon as possible but only when it is declared safe.

3 weeks ago

UK’s Tourism Sector Gets Government Backing as Brexit Looms

UK’s Tourism Sector Gets Government Backing as Brexit Looms

Rosie Spinks, Skift

The UK government's announcement is a big win for the travel industry — especially at a time when the ever-present uncertainty of Brexit is top of the industry's mind.

2 months ago

Brexit Back in Focus for Travel Industry With Prime Minister Race Raising New Questions

Brexit Back in Focus for Travel Industry With Prime Minister Race Raising New Questions

Patrick Whyte, Skift

After granting a Brexit extension, EU leaders urged the UK not to waste this extra time – but that is precisely what politicians have done. Talk of leaving without a deal has grown in recent weeks and that should terrify travel businesses, even those who would enjoy a boost in inbound visitors.

2 months ago

Admiralty Arch Owner Seeks New Funding For London Luxury Hotel Project

Admiralty Arch Owner Seeks New Funding For London Luxury Hotel Project

Jack Sidders, Bloomberg

It sounds like the project is still on track but sensitive builds like this can sometimes take longer and cost more than originally expected.

3 months ago

EasyJet Flies Toward Uncertain Summer of a European Slowdown

EasyJet Flies Toward Uncertain Summer of a European Slowdown

Patrick Whyte, Skift

It's not a great time to be running a European short-haul airline, but EasyJet is trying to make the best of it. While growing its holiday and business travel offerings is probably a smart move, it's difficult to see them making much of a difference if the economic climate keeps getting worse.

3 months ago

Brexit Is Still Casting a Shadow Over UK Travelers

Brexit Is Still Casting a Shadow Over UK Travelers

Patrick Whyte, Skift

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.

3 months ago

UK Travel Bookings Surge With Brexit Divorce Postponement

UK Travel Bookings Surge With Brexit Divorce Postponement

Lucca de Paoli and Ellen Milligan, Bloomberg

UK tour operators can heave a sigh of relief at last. With the Brexit divorce being postponed to October, Brits are saying “sod it, we’re going on a summer holiday.” Good for them.

4 months ago

EasyJet Sees Brexit Hurting Consumer Confidence

EasyJet Sees Brexit Hurting Consumer Confidence

Lucca de Paoli, Bloomberg

Brexit continues to cast a long shadow over the UK's travel and tourism industry and there is no sign that it is about to let up.

5 months ago