Eurozone Holidays Get Cheaper for Summer 2010
Thanks to the increased value of sterling against the euro, UK holidaymakers will feel the benefits of better value, shopping, dining and car hire this summer.
Europe holidays have remained popular despite the pound’s difficulties against the single European currency over the past three years. However, the situation has also led to the increasing popularity of breaks outside the Eurozone, such as Egypt and Turkey holidays.
Now though, economic problems in continental Europe have led to a weakening in value of the euro. This has recently led to the pound rising to a 19-month high of 1.24 euros – the highest level since the global economic downturn began in earnest in November 2008.
Travel experts have said that now the lower-value euro has triggered a drop in prices across Europe and has ensured that UK holidaymakers’ money will go further. A popularity boost for France, Italy and Spain holidays is likely to take place over the rest of the summer season.
Travel industry association ABTA has said it believes that a family of four on a fortnight’s Mediterranean holiday could even save up to £700.
Speaking to the Daily Express newspaper, an ABTA spokesman commented: "The pound has been steadily gaining in value against the euro for the last few months, which is great news for millions of UK holidaymakers as we head for the peak summer months. Holidaymakers are in for a very pleasant surprise when they find out just how far their hard-earned cash can go in many of our favourite foreign holiday spots."
Cheap flights to all Europe’s sunshine destinations are still available online, and there are some great deals on cheap hotels as well.
Travel Industry News posted by Dan Brown on 01 July 2010
