Turmoil in the financial markets could be giving holidaymakers yet another reason not to travel abroad this year.
p>Turmoil in the financial markets could be giving holidaymakers yet another reason not to travel abroad this year. On top of the recent ash disruption, weather problems earlier this year and industrial strike action, the cost of holidaying in the US has soared by 13% according to travelsupermarket.com
Almost four million Brits visited the US last year but travellers could be thinking twice about booking a trip this year due to the weak pound. Comparing today?s exchange rate to that in August 2009 there has been a significant drop in value.
The cost of $1,000 in August 2009 was ?589.31, however for travellers looking to travel with the same amount the current cost is approximately ?666.31.
The company polled more than 1,000 visitors to its site to find out whether, due to all the disruptions, they have changed their holiday plans. Results found that more than a quarter of respondents (27%) said they?ve changed their holiday plans to stay in the?UK, 8% are now taking a ferry, Eurostar or going on a cruise, whilst 13% have already planned a no-flight trip.
?The company?s Duncan Barraclough said: ?It is unsurprising that Brits are looking at alternative holiday options, the extent to which travel plans have been disrupted this year already is far more than anyone could predict. ?Disappointment and disruption aside, money is still an important factor for many people. The recession may be officially over however many people are still cautious when it comes to parting with their hard earned cash.?
