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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
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."
20 May 2017
Holidaymakers travelling via London City Airport will benefit from a digital air traffic control tower from 2019.
19 May 2017
Many Britons are increasing their risk of developing diseases like cancer by drinking too much alcohol, experts have suggested.
18 May 2017
People could increase their chances of developing serious illnesses after spending just two weeks as a 'couch potato', new research suggests.
17 May 2017
Holidaymakers who would like to sample the high life can now do so at one of the major airports of the United States.
16 May 2017
A star of the soap world has called for more attention to be paid to common health problems like Alzheimer's disease.
13 May 2017
Two major Scottish airports have achieved their strongest April passenger totals on record, new figures reveal.
12 May 2017
The carbon emissions of EasyJet flights have been cut to their lowest level on record, the budget airline has reported.
11 May 2017
Holidaymakers faced long queues and delays at Stansted Airport on Tuesday (May 9), due to a fault with the site's security scanners.
10 May 2017
Workers have been encouraged to find out about their full entitlement to holidays, with many thought to be missing out on paid leave.
09 May 2017
Holidaymakers have been urged to stay vigilant against potential scams.
06 May 2017
Researchers in the US are recommending that anyone experiencing the symptoms of so-called 'noisy knees' should have them checked out, as they may be an early sign of osteoarthritis.
05 May 2017
Excessive drinking among baby-boomers could pose health risks further down the line, experts have warned.