Spain reigns in post Brexit travel report but Greece is the word for Brits
October 13 2016 - 2:00AM
Business Wire
Survey reveals Brexit impact on destinations of
choice
In the post-Brexit travel report from WEX Inc. (NYSE: WEX), a
leading provider of corporate payment solutions, Spain has been
revealed as the most popular holiday destination amongst British
holidaymaker’s post-Brexit, whilst Greece is the word with 40%
saying they will travel to the destination over the next 12
months.
Spain reigns once again with almost half of those surveyed (47%)
saying they would book their holiday to Spain and its islands over
the next 12 months.
However, the report (Post-Brexit: Confidence Remains the Key to
Success in The Travel Industry) which included a survey of 1,000
British holidaymakers also found a huge boost in interest of Greek
holidays after Brexit, which shows 40% will enjoy a holiday in
Greece and its islands compared to just 17% before Brexit.
The report also reveals several other European destinations
which will see more visitors post-Brexit such as Portugal. In May,
just 8% of those surveyed said they would visit the country,
however in the latest post-Brexit research, that figure has risen
to 11.2%.
Top 10 destinations consumers intend to visit over the next
12 months (% of total respondents)
1. Spain: 47%
2. Greece: 40%
3. The US: 19%
4. France: 15.9%
5. Italy: 15.8%
6. Portugal: 11.2%
7. Caribbean: 10.5%
8. Australia: 9%
9. Cyprus: 6.9%
10. Croatia: 6.6%
Confidence is growing
In the latest survey, security is still the biggest concern
amongst British travellers, however confidence appears to be
growing with the number of consumers stating security worries as
the biggest influencing factor dropping to less than one in three
(30%). In May, when asked the same question, 42% stated security
concerns as the biggest influencer.
Those influenced by their personal economic situation and job
security concerns also dropped to 29.7% (from 33% in May).
However, the number of consumers whose travel plans had been
influenced by exchange rates and the strength of the Pound rose to
21% after Brexit, compared to less than one in 10 (9%) in May.
Ian Johnson, Commercial Director Europe, Virtual Payments, at
WEX said:
“Spain is the most popular choice with almost half of Brits
heading to the destination; however, consumers are gaining
confidence in Greece as a holiday destination and post-Brexit, it
appears to be the biggest winner.”
Johnson continued by saying, “This growing confidence is also
seen in terms of security concerns, and over the past few months,
people’s attitude to foreign travel is changing and our survey
suggests this trend will continue.”
A full copy of the WEX Whitepaper “Post-Brexit: Confidence
Remains the Key to Success in The Travel Industry” is available
here.
About WEX Inc.WEX Inc. (NYSE: WEX) is a leading provider
of corporate payment solutions. From its roots in fleet card
payments beginning in 1983, WEX has expanded the scope of its
business into a multi-channel provider of corporate payment
solutions representing 10 million vehicles and offering exceptional
payment security and control across a wide spectrum of business
sectors. WEX serves a global set of customers and partners through
its operations around the world, with offices in the United States,
Australia, New Zealand, Brazil, the United Kingdom, Italy, France,
Germany, Norway, and Singapore. WEX and its subsidiaries employ
more than 2,500 associates. The Company has been publically traded
since 2005, and is listed on the New York Stock Exchange under the
ticker symbol “WEX.” For more information,
visit www.wexinc.com and follow WEX on Twitter
at @WEXIncNews.
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JPW CommunicationsJamie Wortley, 01769 573
444jamie@jpwcommunications.com
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