The eurozone is expected to remain the most popular destination for UK travellers this year, with almost 22 million people set to visit countries across the region.
The calculation comes from First Rate Exchange Services and follows a previous announcement that 58% of UK adults intend to take at least one holiday overseas in 2010.
Many holidaymakers will be in for a “pleasant surprise” as to how far their holiday cash will go due to lower prices in resort, according to the company
Holiday costs have fallen across all eurozone countries over the last year, with prices in Spain seeing cuts by as much as 30%, the latest Post Office holiday money report shows
First Rate managing director Gordon Gourlay said: “Lower tourist prices across the eurozone are extremely good news for the millions of UK holidaymakers who are set to make to a return to traditional holiday destinations such as Spain and Portugal this year.
“UK foreign currency retailers can expect strong demand for the currency as savvy travellers stock up on euros in order to get best value from foreign exchange deals in the UK.”
The majority of UK travellers intend to make the most of their holiday money by picking up foreign currency before they travel - three quarters of travellers will be buying some foreign currency in the UK.
Two in five (40%) travellers also said they would have to withdraw cash at ATMs whilst overseas running the risk of hefty commission and cash withdrawal fees.
Travellers’ cheques are set to remain a staple for over four million people with over 15% of travellers including them in their holiday wallet.
Click here to see original article by Phil Davies, Monday 8th March 2010
