Weak pound starts to hit holiday bookings
Sterling’s weakness against the euro and other worldwide currencies is starting to have an impact on bookings, a TravelMole poll has revealed.
The value of the pound plunged following last year’s referendum result, when the country voted to leave the European Union.
Uncertainty surrounding Brexit, and in particular concerns around the strength of the UK economy when it stands alone in the world, have further forced its value down.
At the time of writing, the pound is worth only 1.09 euros, compared to its 12-month high of 1.2 euros, which means that holidays within the Eurozone are significantly more expensive than they once were. It is also worth only US$1.3, which is less than previously.
When asked if forward bookings were deteriorating as a result of the weak pound, almost 53% of readers admitted that they were.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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