Brits Told International Travel Unlikely In Summer 2021 U K Stocks

Brits are currently banned from traveling overseas but with rapidly falling Covid-19 infection rates and a highly successful vaccination rollout, many had been hoping for the chance to head overseas during the summer. However, the U. K. government and its advisors have been warning holidaymakers that it is too early to book anything and that international travel might not be possible over the summer. Travel is only currently allowed for U. K. residents for work, education or health reasons, but Prime Minister Boris Johnson promised to review the situation on 5 April, with a view to relaxing more travel restrictions from 17 May. However, it is not yet clear if this will involve allowing international travel–a domestic U. K. holiday seems more and more likely this summer:Lobbyists in the travel industry are unhappy about the lack of a fixed date to get international travel started. Clive Wratten, CEO of the Business Travel Association (BTA) told The Telegraph, “it is very disappointing to hear international travel might not resume until June 30, but the continual speculation about when travel will be allowed to begin is unhelpful and damaging to business confidence.”Marcelle Hoff, Managing Director of Expressions Holidays, added that travel operators and travelers should aim for the 1 July deadline, saying, “the watchword here is may. Until we have the government’s first review on the 12 April it is only speculation and as such is not worthy of spreading. Having said that, it means that booking holidays now for anything from July 1 onwards is a positive! That’s what should be encouraged.”Stocks of easyJet, Jet2, TUI and the owners of British Airways were down 2 to 4% Tuesday after hearing the news.

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