Saturday, April 26, 2008

Brits visiting Spain increases despite weak pound

Ignacio Vasallo of the Turespana Spanish Tourist Board has revealed that tourists in 2008 are likely to be comparable and possibly more than those in 2007. The fall of the pound against the euro did not have any impact in the number of British tourists in Spain.

Recent poll by MyChild.co.uk, Spain is the top destination for British families who are heading abroad this year. This is despite the fact that many consumers are experiencing financial constraints as a result of the credit crunch and weak pound.
Spanish holiday homes
In fact, majority of respondents said they are not going to be put off Spain holiday for the continuing economic crisis. Ignacio Vasallo further said that this is due to the fact that the regular economic growth for British consumers over the last decade, which means they have sufficient reserves to handle existing financial problems. The credit crunch won't dissuade them from going on holiday this year. As Denise Roberts of MyChild.co.uk has said that British Families are increasingly seeing the family holiday break as a requirement rather than a luxury.

Spain is currently considered to be the cheapest country in the Eurozone and according to the Post Office; the cost of general expenses is comparatively lower than in places like France and it is nearly 15% lower than that of France. Helen Warburton, of Post Office, observed that people will be looking to visit countries like Spain where a lower cost of living will offer them more for their pound.

Official government figures say the overall number of holidaymakers in Spain increased by 1.7 per cent to more than 59 million when compared to last year.

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