Photo: Odd Andersen / AFP/ Getty Images.
During times of societal uncertainty the first thing to go is discretionary spending, that includes travel.
But experts in the UK luxury travel sector, visiting Virtuoso Travel Week in Las Vegas, say that despite the recent surprise of the ?leave? vote it?s business as usual ? at least for now.
?It?s too early to tell,? says Edwards Rom, the CEO of EFR Travel.
?[Brexit] happened at lowest time of writing new business in the leisure and corporate market.
?The proof will be in the pudding in late-August and September when the busy time should hit us.
?At the moment we?re level playing on last year so maybe it?s not taking effect as it could have.
?If business is effected then it maybe they?ll downgrade from business to premium economy, but we?ve sill seen a good pattern in the business. Transactions haven?t reduced.? Ian Swain, the global commercial director for Ten Group, said his business post-Brexit was reacting a similar way.
?We haven?t really seen a reduction at all,? he said.
?What you have seen is the movement in the exchange rate in the short term, where there is a lot of speculation.
?If anything there?s a lot of last minute booking off the exchange rate.
?Really its too early to tell what Brexit is going to mean because we don?t know what is going to be negotiated.?
That?s not to say there wasn?t an immediate reaction. For some business was very quiet for a couple of days following the announcement.
?The was no panic the pho...