In the long term, Britain may pay a high cost for last week's vote to quit the European Union (EU). That said, it could mean a low cost vacation for travelers.
Since the United Kingdom voted in favor of Brexit, the value of the British pound has fallen to the lowest levels in three decades.
"It's a great time to be in London, " Travel + Leisure News Director Sara Clemence told CNBC's "On the Money" in a recent interview. "If you are there now, if you were there last week, you saw things get 15 percent cheaper overnight," she said.
"Your hotel stay, your restaurants, your museum admissions everything."
A weaker pound means a stronger dollar and a cheaper trip for U.S. visitors, which according to Visit Britain, numbered 3.3 million in 2015. They spent a record $4.4 billion dollars.
Last week, Hotels.com said its site saw a 50 percent spike in searches for travel to Britain. So can a trip to England fit in your budget this year?
"Maybe," Clemence told CNBC. "Even though the currency changes have an effect on the prices on the ground," she explained. for hotel and airfare prices, "some of them may be changing" but "it's not like they're discounting them across the board," she added.
However, "airfares are a lot lower than they were a couple years ago. A couple years ago you may have paid $1200 dollars, now you'll pay $500 or $600."
British Airways had a "Brexit" fare sale last week, selling economy fares from New York to London for as little as $639 round-trip.
Yet Clemence pointed out the cheaper fare trend is not due to Brexit, but instead were "low-fare airlines that are going Trans-Atlantic, so they're just bringing down those costs tremendously." Wow Air and Norwegian are new low cost carriers offering flights from U.S. cities to London for about $500.