Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
Or call 0345 90 80 161
19 October 2012 09:24
Improved exchange rates boosted British travellers' spending power in the Eurozone
Struggling shops and restaurants in Spain and Greece enjoyed a Brit-led spending boom this summer as better exchange rates boosted UK tourists' Eurozone purchasing power, according to research.
A study by My Travel Cash Prepaid Mastercard found Britons' spending power jumped 35% with half the transactions made in local restaurants and independent shops abroad. UK travellers also exchanged £350,000 more, giving them a holiday budget 15% bigger than it was in 2011. With £500 now buying 608 euro compared to 547 euro a year ago holidaymakers planning an autumn half-term break in Europe will also see their money go further. And the company behind the study said the trend was set to continue into the winter months, ensuring travellers have plenty of funds for essential travel insurance.
Its founder and managing director Myles Stephenson said forecasts a strong pound would benefit British travellers had proved correct. He added: "What was less reported on but is still a valid point, is the contribution our holiday spends make to the economies of the countries we visited, especially those who have been struggling, for example Spain and Greece."
18 April 2019
Going away with your children? Beat the stress of travelling with your family with these great travel tips. Here's what you need to know if you're travelling with kids this Easter.
[more...]
16 April 2019
Heading to Madrid? Here's our guide to six must-see places you should visit in the Spanish capital, from food markets to fine art and plenty in between.
10 April 2019
Experience the magic of Madrid's Fiesta de San Isidro 2019! Discover where to stay, what to eat and what to see as you explore one of Spain's greatest festivals.
Experience Seville's intoxicating Feria de Abril and discover Andalucía's most famous festival! Here's your ultimate guide to La Feria.
01 April 2019
Songkran is Thailand's famous New Year's festival - and the world's biggest water fight. Here's everything you need to know before you plan your trip.
Travelling to Thailand? Learn the important local traditions and cultures to ensure you act respectfully in 'The land of a thousand smiles.'
Travelling overseas with young children? Make going through the airport easy and stress-free by following these top tips for surviving the airport with kids when flying.
25 March 2019
Discover the best places to learn to scuba dive! Check out our list of top dive locations around the world that are perfect for scuba diving beginners.
Looking for some late-season skiing? Here are some of the best places for spring skiing in Europe where you can enjoy reliable snow cover.
19 March 2019
Looking for adventure? Create your perfect Scandinavian weekend with these alternative city break ideas.
Lower your blood pressure with these fresh, healthy foods you can add to your diet.
02 March 2019
A Flybe flight was forced to abort take-off due to the cabin filling with "smoke" while it was accelerating along the runway at Exeter Airport.