Alistair Pritchard, partner and head of travel at Deloitte, said a widely-expected slump after the 2016 Brexit referendum failed to materialise.

And he said although the UK economy is not growing as strongly as before the referendum it was still growing and other factors like wages, inflation and employment were positive.

However, he said concern about staff shortages, rising costs from business rates, auto-enrollment pensions and an increased in the national living wage is “squeezing margins” in the sector.

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