Corporate foreign exchange news

Holiday money rates 'will always weigh on travel choices'

Wednesday, 23 December 2009 09:11:24 GMT

Written by Zeb Bham
The relative strength or weakness of foreign currencies will always hold influence on holidaymakers' travel choices, moneysupermarket.com has claimed.
Commenting recently, Bob Atkinson, the site's resident travel expert, said that factors such as room rates and food costs will all be factored into the budget in one way or another.
"We are in a recession environment and consumers look for value for money. Non-euro destinations currently offer this in spades, with destinations such as Turkey, North Africa, Egypt, Thailand and South Africa clearly winning from the weakness," he said.
His comments followed research from long-haul travel specialist Hayes & Jarvis which showed that the weakness of the dollar made the US a cost-effective choice for Britons planning a holiday abroad.
The company said that the greenback's weakness also made countries which float with the US currency a competitive option as well.
Looking ahead to 2010, the group identified the Caribbean islands, Dubai and Hong Kong as some of the most competitive long-haul travel destinations.
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