US still affordable 'despite strong dollar'
26 January 2009 07:45
ABTA spokesperson Sean Tipton said that the US still offers value-for-money, even though travellers have struggled to get back more than $1.50 for the pound in recent days.
The official exchange rate spiked to $1.64 today (October 29) as confidence in the sterling returned, and the pound headed for its biggest two-day advance against the dollar in more than two decades.
But irrespective of the currency fluctuations, Mr Tipton said that savvy British jetsetters heading to the States will have little difficulty in making sure their holiday money stretches as far as possible.
"In terms of eating out and shopping it is a lot cheaper there on the whole," he noted. "So even with an unfavourable exchange rate it doesn't mean that it suddenly becomes a very expensive destination."
Mr Tipton added: "The strong dollar is not insignificant but it doesn’t mean that the US has suddenly become unaffordable."