British tourism suffers post-Brexit slump
A luxury double room in four-star hotel in Kensington for only £5 more than twin bunk beds in a nearby backpackers’ hostel: one consequence of the slump in hotel occupancy and rates for London since the EU referendum. Sterling has fallen by more than 10 per cent against the euro and dollar since the vote in June to leave the EU, which should make the UK more attractive to foreign tourists – but bookings for London, the engine for UK tourism, have plummeted.
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