Brits leave Eurozone to get better return on holiday spend, says survey

Brits leave Eurozone to get better return on holiday spend, says survey

Record numbers of British travellers are booking holidays to long-haul destinations, according to the latest findings from the American Express Currency index. The index, which tracks the top 25 currencies for British travellers each quarter, has seen hot-spots such as Mauritius, Mexico, and the Caribbean destinations of the Dominican Republic and Jamaica, all make a notable climb in the currency league table. The trend represents a transformation in the number of people travelling abroad to long-haul destinations outside of North America since the start of the financial crisis in 2008. Terry Perrin, director at American Express Global Foreign Exchange Services, said: “when looking at the prices of holidays, Britons began to realise it would be more cost effective to look further afield and book holidays to destinations that previously may have been overlooked.” Meanwhile, destinations closer to home, but still outside the Eurozone - such as Turkey – have continued to grow in popularity throughout 2010. American Express has seen a 25 percent year on year increase in the amount of Turkish Lira bought since 2008.

Gary Marshall
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Gary Marshall
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