What does Britain's vote to leave the European Union mean for American travelers? Cheaper prices throughout Britain (at least for now). Amid the uncertainty following the vote, the British pound has taken a dive, resulting in the lowest exchange rate against the dollar in about 30 years. As Frommer's editorial director Pauline Frommer puts it, "That will mean that our dollars will go further for meals and attractions when visiting Britain. But there could be savings on hotels, too."
Frommer's founder (and Pauline's father) Arthur Frommer, meanwhile, laments the loss of European unity and warns that lines to enter Britain may eventually get longer, since travelers from EU states will eventually have to wait along with the rest of us instead of passing through customs with British citizens.
Britain's exit from the EU could also affect the continent's cheap and easy air travel. For 20 years, airlines based in European Union countries have been free to fly anywhere within that single market, resulting in more flights and lower fares. Now it's unclear whether the same rules will apply, which is one reason why British airline stocks have fallen—some by as much as 20%. If the uncertainty lingers and no deal is reached to keep the skies open, you can expect fares to go higher.
