Euro inflation means extra cost for travellers

Tuesday, 12 May, 2003 0

Anyone heading for mainland Europe for their holidays this year is likely to find things more expensive than when they were last there.

According to a report in The Times, the recent success of the euro currency, which has soared in value in the last 12 months or so, means that in many European destinations prices have risen more than 10 per cent since last summer.

Patricia Yates, of Holiday Which?, reportedly told the newspaper that independent travellers in particular would be sure to notice the increases: “Flights look a pretty good deal this year but when you get to where you are going you will pay more for your meals, hotel and living. The British market is very cost-conscious. We are not really that used to inflation here so people will notice that prices have gone up by 10 per cent.”

However, a spokesman for Lunn Poly told the newspaper: “We do not think the exchange rates are going to impact on people too much. The strong euro is being cancelled out by the price of holidays.”



 



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