Skiers hit by euro drop
26 January 2009 11:25
Britons could be snubbing European skiing locations for those in the US and Canada as the pound continues to slump against the euro.
Skiers and snowboarders looking for cheap travel insurance deals and last minute holiday deals in Alpine resorts around France and Italy are now thinking again, as a holidaymaker changing £500 into euros would only get €640, compared to the €705 available last January.
"The euro has continued to strengthen against the pound, but the US and Canadian dollar as well as the Bulgarian lev continue to offer good value for holidaymakers," Anthony Hudson, director at travelex.co.uk, told the Mail on Sunday.
"We recommend travellers keep a close eye on exchange rates before booking their holidays or they might end up spending significantly more."
But travel insurance can also set travellers back financially, especially for those that do not shop around. Mintel research has even revealed that 13 per cent if holidaymakers still travel without insurance.