“Eurozone” still popular with UK travellers
March 8th, 2010 by elisa

With almost 22 million people set to visit countries across the region, the “eurozone” is expected to remain the most popular destination for UK travellers this year. The calculation comes from First Rate Exchange Services and a previous announcement that 58% of UK adults plan to take at least one overseas holiday this year.

Holiday costs have fallen across all “eurozone” countries over the last year, with prices in Spain seeing cuts by as much as 30%, the latest Post Office holiday money report shows.

First Rate managing director Gordon Gourlay said: “Lower tourist prices across the “eurozone” are extremely good news for the millions of UK holidaymakers who are set to make to a return to traditional holiday destinations such as Spain and Portugal this year.

“UK foreign currency retailers can expect strong demand for the currency as savvy travellers stock up on euros in order to get best value from foreign exchange deals in the UK.”

The majority of UK travellers intend to make the most of their holiday money by picking up foreign currency before they travel. Two in five (40%) travellers also said they would have to withdraw cash at ATMs whilst overseas even though this runs the risk of hefty commission and cash withdrawal fees; while travellers’ cheques are still popular with over 15% of travellers including them in their holiday wallet.

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