Brexit means deals for U.S. travelers headed to Europe

Britain’s decision to leave the European Union could mean deep discounts for U.S. travelers who want to visit Europe.

On Friday, round-trip airfare for travel between the U.S. and London this fall dropped to $500 on several airlines, said George Hobica, president of airfarewatchdog.com, a travel deal website.

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“If the British pound continues to stay low or fall even more, your trip to England will be cheaper,” Hobica said in a statement released by the website. “ It’s a good time to buy pounds for an upcoming trip.”

Following Britain’s vote, the pound dropped to its lowest level since 1985 and stock markets around the world plummeted.

The British nationals flag flies in front of the Big Ben clock tower on June 24, 2016 in London. In a referendum the day before, Britons voted by a narrow margin to leave the European Union (EU). (Michael Kappeler/DPA/Zuma Press/TNS)

The British nationals flag flies in front of the Big Ben clock tower on June 24, 2016 in London. In a referendum the day before, Britons voted by a narrow margin to leave the European Union (EU). (Michael Kappeler/DPA/Zuma Press/TNS)

Jerry Parrish, chief economist at the Florida Chamber Foundation, warned the weak pound will likely cause a slow down in the number of British residents who travel to the state.

A drop in British tourists would help keep airfares low between the U.S. and Europe, Hobica said.  Airlines need to keep seats full and will likely lower prices to sway U.S. travelers to fly.

“They have to fill the seats somehow,” Hobica said. “They will fill them from the stronger economy.”

If you have already booked a trip to Britain or Europe, Hobica said you may still be able to save.

“Check to see if you can rebook at a better price now that exchange rates have been hammered,” Hobica recommends.