The Business Times
SUBSCRIBERS

Brexit makes campsites cool again as Britons tighten belts

Plunge in the pound pushes up the cost of holidays abroad

Published Sun, Apr 23, 2017 · 09:50 PM

London

BEFORE last year's Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of south-west England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound.

This turnaround in the 10 months since Britons decided to leave the European Union reflects a jump in demand for "staycations", with British consumers seeking ways to make their money go further as rising inflation squeezes their incomes.

Mr McCready, who gave up a job in IT to build his site between ancient woodlands and a creek in the county of Devon, recalled the hectic days …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here