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Euro tourism 'benefits from credit crunch'

26 January 2009 07:35

Euro tourism 'benefits from credit crunch'

With the credit crunch biting hard, European destinations are likely to remain popular with British travellers in the next 18 months.

That is according to online tourism portal Travelmole, which suggested that cash-strapped holidaymakers will forego more exotic, long-haul vacations in favour of those that are closer to home.

Graham McKenzie, managing director of the website, suggested that some long-haul destinations will remain popular because of increasing competition between operators.

"If we believe everything we hear in terms of the credit crunch then I think people will start to look carefully at where they go in terms of long haul," he suggested.

"I think European destinations will be the winners in all of this in the next 18 months."

Last month, Opodo published its list of top up-and-coming destinations for 2009. Lima in Peru was the top destination, followed by Amman in Jordan, Cairo in Egypt and Seoul in South Korea. ADNFCR-1320-ID-18884014-ADNFCR