Holidaying families are 400 pounds worse off following Brexit
British holidaymakers are feeling the effects of Brexit and weaker exchange rates on their overseas spending, with the average traveller to the EU saying they are £51 worse off per week, according to a survey.
This is based on the average UK holidaymaker spending £241 per week while on holiday and exchange rates plummeting 17.5% (from a high of 1.43 to 1.18) since the vote to leave the EU.
This means an average family of four taking a fortnight’s holiday in the EU needs an extra £408 to match their spending on the same holiday last year.
Alastair Graham, spokesman for Prepaid International Forum (PIF), which carried out the research, said: "Holidaymakers have always been subjected to poor exchange rates and extra charges when spending their money abroad."
He added recent fluctuations in exchange rates have made people aware of alternative solutions such as pre-paid cards and contactless and mobile payments such as Apple Pay.
The survey was carried out among £1,000 UK adults in July.
Remain voters are hardest hit, according to the survey, with 54% who voted to stay in suffering from weaker exchange rates on foreign summer holidays compared to 46% of those who voted to leave.
Remain voters also reported spending more while on holiday (£258 per person, per week compared to £221) further increasing their post-Brexit losses.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events