London & Partners: American Families Make Huge Savings on London Vacations since the Brexit Vote

LONDON–(BUSINESS WIRE)–Families visiting from the US this summer have potentially saved
hundreds of dollars during their stay, according to calculations made by Visitlondon.com,
the official city guide for the capital.

The relative strength of the US dollar against the British pound since
the UK voted in June to leave the European Union, has made the cost of
everything from a hotel room to visiting the city’s leading attractions
much better value for an American family of four¹.

Typical savings for a family day out in London could include:

The combined savings here equate to over $140, giving US families
the option to make their trip to London even more special by splashing
out on extra experiences, such as the Tower of London, plus tickets to
the Royal Observatory and Planetarium in Greenwich – and have change
left over.

A poll of recent US visitors to London by London & Partners, the Mayor
of London’s promotional company which runs Visitlondon.com
found that two thirds of Americans who visited the city in the last two
years said they will definitely return due to a more favourable exchange
rate. Additional research has also found that 70 per cent of Americans
surveyed said they are more likely to consider booking a holiday to
London compared to a year ago.

Chris Gottlieb, Chief Marketing and Communications Officer at London
& Partners said: “London is fantastic value for US visitors
right now, and the savings that a family of four can typically expect to
make at the moment can be a great excuse to add an extra day to their
vacation and explore more of our incredible city”.

Overseas visitors are making the most of the savings by hitting the
capital’s shops. Data from the retail consultancy Global Blue reveals
that tax-free spending in London by overseas visitors increased by 38
per cent in August and 31 per cent in September 2016 compared to the
previous year. Meanwhile, consultancy firm Deloitte has shown that some
designer items and other luxury goods now cost less in Britain (in
dollar terms) than anywhere else in the world.

Some 7.9 million American tourists have been drawn to the capital since
2012, the year the city hosted the 2012 Olympic and Paralympic Games.

The Visitlondon.com
research comes as the Mayor of London Sadiq Khan today opened the new
flagship Lego store in London’s Leicester Square. The store is set to
become a must-visit retail attraction in the run up to Christmas and
beyond from one of the country’s most iconic brands.

¹ Savings made are due to the relative strength of the
$ against the £. These are calculated based on the difference between
nominal exchange rates on 22nd June, and the average rate from 1 July
-31 October 2016:

• 1 US dollar = £0.6813 (22 June)
• 1 US dollar = £0.7740 (Average rate 1 July – 31 October 2016)

Source: www.xe.com

Infographic downloadable from: http://bit.ly/2f3jGP5

Contacts

London & Partners
Jodie Byford
020-7234-5710
press@londonandpartners.com