The potential risks and uncertainty of Brexit outweigh any advantages from a travel perspective, says an ABTA report.
Based on economic analysis by Deloitte, the report highlights concerns about the impact of years of uncertainty following Brexit and how this could affect the strength of the pound.
ABTA chief executive Mark Tanzer said: “Our assessment of the report’s findings is that a vote to leave will lead to uncertainties and may lead to increased costs for travel businesses and the travelling public. ”
We recognise that people will approach this referendum by considering many factors – personal, professional, and economic – before casting their vote. ”ABTA has considered what a vote to leave the EU might mean purely from a travel perspective. Our view is that the potential risks and downsides are not matched by an equal upside for the traveller.”
The bosses of several major airlines and travel companies have already voiced their support for Britain to remain part of the European Union.
Peter Long, chairman of TUI’s Supervisory Board, Ryanair chief executive Michael O’Leary, easyJet chief executive Carolyn McCall, Air Asia chief Tony Fernandes and lastminute.com co-founder Martha Lane Fox, plus the chiefs of Heathrow, Gatwick and Manchester Airports Group, have all signed a letter backing David Cameron’s campaign to stay.