Brexit will have minimal impact on the Spanish economy. So believes Miguel Ángel Ariño, a professor at the IESE business school, who was speaking at a business conference in Palma at the weekend. He said that "we know what's good for us" (in reference to Spain's relations with the EU) and added that he thinks relations with the UK will continue through ad-hoc agreements.
Meanwhile, the managing director of Thomas Cook UK, Chris Mottershead, has told the Abta annual convention that the referendum result has had no impact on bookings, which remain strong for next year.
Far greater impact has been and is likely to be because of terrorist attacks, Mottershead saying that companies are unsure when the uncertainty these cause will end. As to the fall in the pound, he observed that this is a situation which has been faced before and is one that Thomas Cook and the industry can deal with.
Last week in the Bulletin, we reported that UK holiday bookings were up for next year, Tui pointing to a 7% increase and Thomas Cook to an unspecified increase.
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