Despite bleak economic forecasts for the UK, British tourism has remained resilient, notes José Antonio Roselló of the CAEB. The OECD predicted modest growth and high inflation for the UK, yet British tourists continued to prioritize travel, spurred by low unemployment and a tendency to spend rather than save. This behavior persisted even as geopolitical tensions rose, with conflicts like the war in Ukraine and Israel-Hamas clashes potentially impacting inflation and credit costs. Nevertheless, destinations like Ibiza have retained their allure as safe havens amidst regional instability.
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