NEW YORK (MainStreet)- With the summer travel season already underway, the Brexit vote that triggered the U.K.'s departure from the European Union will have a big impact on U.S. travelers heading overseas, especially to Great Britain.
According to Jason Clampet, co-founder and head of all content at SKIF, the daily online leader in global travel insider intelligence, the impact on travel may be much larger than you think.
"We knew that European tourism was going to be different in 2016, but the vote by citizens of the United Kingdom to leave the European Union is a new twist that will have both short- and long-term implications," says Clampet. "In the short-term, it will likely slow both outbound and internal travel in the U.K. as residents focus on the fallout. Long-term it will affect big business like air travel, especially the low-cost sector, as well as small businesses from restaurants to small hotels to tour companies run by people who will lose the right to work in Europe and the U.K."
As for the rest of Europe, we're likely to see Spain and Portugal enjoy one of their best summers of tourism ever as travelers look for destinations they perceive as safer, following earlier terror attacks in Brussels and Paris, Clampet says.
Financially, any travel to the U.K. could be big, cost savings - wise.
"For outbound U.S. tourists, a weaker pound makes international travel more appealing in a year when the dollar was already stronger than it had been in over a decade," he adds.