How Much Damage Will Riots Cause To UK Tourist Industry?
With rioting & looting spreading across England, could the short term situation result in a long term headache for an already struggling economy?
it's unbelievable that the UK could experience out of control rioting and looting of this scale in many of its major cities. But what started as a peaceful protest over the shooting of a young London man soon turned to violence, spreading from the capital to other major cities across the country.
While local businesses and residents come together to clear up the carnage that has devastated local communities, the true long term impact and cost to the economy is unlikely to be known for many months to come.
It's fair to say that with video and images of out of control gangs roaming the streets in London, Bristol, Liverpool, Birmingham and Manchester being transmitted around the globe, It's likely to have an impact on the number of tourists choosing the UK as their primary holiday destination.
UK airports could also see a reduction in expected outbound passenger numbers following the announcement that all police leave has been cancelled. With many others also directly or indirectly effected by the riots, there are potentially hundreds of thousands of people who will be forced to cancel or change their holiday plans over the coming weeks.
Another factor that will hit the pockets of almost every individual in the country are the clean up and repair costs to both the government and the insurance industry. With costs expecting to run into the hundreds of millions, this will be another financial burden that the general public will eventually have to cover with extended taxation and increased insurance premiums.
This is likely to put further pressures on disposable incomes resulting in less purchasing power and a reduction in travel, potentially impacting the economic recovery further.
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About the Author
Hank is a Travel Guru who specialises in saving his clients money.
