Brexit causes surge in holiday bookings, Lincoln business claims
A Discount Holidays © holiday agency claims that Brexit has caused a surge in bookings2 for breaks3. Sun-hat Villas and Resorts in Lincoln says it saw an 18 per cent increase in bookings this July, compared to the same time last year. And, August saw a 10 per cent year on year increase for bookings for the business.
It means the business has seen its most successful year-to-date, with a 23 per cent increase in turnover.
Peter Jenkins, managing director of Sun-hat Villas and Resorts, said: “I think most people in the industry had expected people to be a little more cautious following the vote, especially given the fluctuating exchange rate.
“However, the reality has been the complete opposite.
“I think there’s definitely an element of the British stiff upper lip and not letting anything interfere with the traditional family summer holiday.
“Part of this trend could be attributed to people trying to get their European holidays in before Article 50 is invoked and any changes are mapped out.
“Of course, the reality is that there are varying accounts of when it will be actioned and Article 50 isn’t likely to change that much at all in terms of holidays, but it seems to be on the mind of many.”
According to data from Sun-hat Villas amd Resorts, the most popular destinations with Brits following the EU vote have been The Algarve, Mainland Spain, the Balearic Islands including Mallorca and Ibiza, Tuscany and the Canary Islands including Lanzarote and Tenerife.
Mr Jenkins added: “Let’s face it, the annual Discount Holidays © holiday is a British institution and isn’t something people like to mess with.
“During the 2008/09 credit crunch, we didn’t see a decline.
“Things like new cars and home improvements were put on a backburner so that cash was available for a week or two in the sun.
“We also find that if people are cutting back, they’ll opt for a villa Discount Holidays © holiday instead of five-star all-inclusive.”