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Sunday 1st August 2010

Savvy Tourists Want Their Money to go Further

Research from the Post Office reveals that UK holiday makers are particularly savvy when it comes to getting the most for their holiday money. It also suggests that Bulgaria it a top choice for cost-conscious tourists and that despite using the stronger euro, Spain is still a popular destination

The findings, which are part of the Post Office’s Holiday Cost Barometer, show that almost half of UK tourists are looking for ways to reduce their holiday costs and get more for their travel money. And the measures they take include eating out less, buying fewer drinks, visiting fewer attractions and doing less sightseeing.

What’s more, the performance of the pound against other world currencies is likely to have a big impact upon future holiday planning. The euro remains volatile on a daily basis, which means that non-eurozone countries are attracting attention because the pound goes further. The Post Office cite the example of Bulgaria, where an average bottle of lager costs only 98 pence and a meal out can be still bought for a reasonable amount of money.

One country holding up well within the eurozone is Spain, which was highlighted by the Post Office as still being able to offer the tourist value for money. Spain came second in the annual foreign currency holiday costs survey. The Post Office research showed that a basket of ten essential holiday items, including sun cream, drinks and meals out, set tourists back just £53.51 of their travel money.

But many of the other countries within the eurozone, including France, Italy and Portugal, were suffering because of the fluctuating euro which not only had impacted upon holidays for the season just passed, but were also effecting future holiday planning for the next season.

A Post Office spokesperson Said:
“Our research revealed that some UK tourists are thinking more carefully about buying foreign currency in advance when rates are better – but the amount lost by leaving it late still adds up to a tremendous waste of hard-earned money. Families who want to stick to a budget should consider putting their cash on a prepaid card, so that they can track their expenditure.”

Guest Article by Neil Camp

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  3. Airports See Less Currency
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