Travel agents and airfare analysts are indicating there’s a silver lining to the Brexit referendum.
Now that the UK has voted itself out of the European Union, American travelers headed across the pond might find some bargains.
Immediately after the news, the pound plunged 10%, trading at levels not seen since 1985.
Almost simultaneously, Mary Kleen of Pisa Brothers Travel in New York City said her inbox was filling up with a red alert from her London suppliers.
“Offers are pouring in from all the hotels over there”
In addition to already festering economic woes and terrorism fears, Kleen says there are deals to be had in Europe in general this summer, with the Euro and dollar now practically neck-in-neck.
George Hobica of Airfarewatchdog, says “The immediate effect: American visitors will pay less for travel to and within Europe and Britain.” Hobica says you might even want to hoard if you’re not quite ready to board. “It’s good time to buy pounds for an upcoming trip.”
Hobica adds “If you booked a hotel or other land arrangements, check to see if you can rebook at a better price now that exchange rates have been hammered.”
On the airfare front, Hobica says he’s already seeing reductions. A day after the Brexit vote, his online deals website uncovered airfares to London on Virgin Atlantic and other airlines for fall travel reduced to as low as $500 round-trip.
“With their currencies weaker, fewer British and Europeans will visit the U.S. That will result in lower airfares for U.S. visitors.
In the long-term, airfare within Europe could rise, depending on how Brexit impacts the Open Skies agreement.
