Brits heading to Thailand for cheaper holidays
31 March 2009 07:52
Holidaymakers are travelling to exotic countries such as Thailand so that their money will stretch further, meaning that there is less pressure on them to cut back on annual travel insurance policies.
According to Expedia, the UK's largest online travel agent, Brits are turning away from holidays in the US and Europe to reduce the cost of their holidays.
Jonathan Cudworth, a representative of the company, said that the financial situation is actually helping to raise interest in the Asia Pacific region.
"Any measures that reduce the cost of a holiday can only be beneficial for consumers and will help stimulate demand for that particular destination," he said.
According to the Tourism Authority of Thailand, the country's government will be waiving the fees for tourist visa applications from March until June this year in order to boost tourism numbers.
Prime minister Abhisit Vejjaviva is leading efforts to revive the nation's economy through an increased focus on international holidaymakers and property owners.