Government AffairsNo-deal would see hundreds of thousands of tourism jobs disappear, says Council.

Brexit: Fix it, says WTTC

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WTTC is calling for a Brexit deal that would safeguard tourism jobs.
WTTC is calling for a Brexit deal that would safeguard tourism jobs. Photo Credit: natasaadzic/GettyImages

"The UK is the fifth-largest travel and tourism economy in the world," WTTC CEO Gloria Guevara said in a statement. "Given its importance to the UK economy, it is now clear that a no-deal Brexit would have a dramatic impact on one of the UK's most significant sectors."

Calling on the UK to make a deal with the European Union ahead of its exit from the EU on March 29, the World Travel & Tourism Council warned in a new analysis that billions of dollars and 700,000 travel and tourism jobs are at risk if a deal is not reached.

"The UK is the fifth-largest travel and tourism economy in the world," WTTC CEO Gloria Guevara said in a statement. "Given its importance to the UK economy, it is now clear that a no-deal Brexit would have a dramatic impact on one of the UK's most significant sectors."

The WTTC found that more than 300,000 such jobs could be at risk in the in the U.K. alone and almost 400,000 in Europe if the UK leaves the EU without a deal.

Its analysis models the impact on the travel and tourism sector over the next decade based on the 7.7% forecasted fall in economic activity across the wider UK economy by the International Monetary Fund in the event of a no-deal Brexit, the WTTC said.

The analysis finds that in a no-deal situation, the economic impact could be a loss of 18.6 billion British pounds (US$24.3 billion) in GDP to the UK, and 22 billion pounds (US$28.7 billion) in GDP to the EU economies.
"If the IMF prediction on the wider economy is realised, there would be a total cost across Europe of over 40 billion pounds (US$52.1 billion) and over 700,000 jobs compared to our projections," Guevara said. "Our members are already seeing an impact on their businesses and workforce."

The WTTC called for a deal that gives the UK access to a single aviation market; visa-free travel with the EU; continued mobility of labour for travel and tourism employees across the UK and EU; and security cooperation to avoid hard border checks and lengthy delays.

Source: Travel Weekly USA


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