Only 3% of UK Holidaymakers Put-Off by Falling Pound: Survey
Concerns that fewer Britons will holiday overseas this summer due to the falling pound have been allayed by a new survey.
The research, conducted for Travelzoo, revealed that only three per cent of Britons plan to cancel trips due to the falling pound.
Sterling has fallen to its lowest level of 30 years against the dollar, following the 23 June decision to leave the European Union.
The survey question more than 1,000 UK residents on 28 and 29 June – long enough after the vote for the impact on sterling to be seen.
UK travellers favour Spain and France the most, alongside other European favourites Portugal, Greece, Italy and Cyprus - which all made the top 10. Popular long-haul destinations include the US, Canada and Australia, further suggesting that Britons' enthusiasm for travel remains largely undiminished.
The Travelzoo survey did, however, reveal an increase in demand for all-inclusive deals. 26 per cent said that they would buy a package holiday this summer – suggesting that controlling costs is now more of an issue.
Joel Brandon-Bravo, travel commentator and UK Managing Director of Travelzoo said: "The stoic British spirit has prevailed and it's incredibly positive to see people still pushing ahead with their holiday plans."
"Book now" to avoid rising prices: Travelzoo
However, Brandon-Bravo called upon the government to take action in calming fears over possible visa restrictions and worries over UK access to the European Common Aviation Area.
"We have to understand how an independent UK can operate in the European Common Aviation Area, otherwise we'll be living in a world of reduced competition, reduced routes and higher travel prices.
"Action is needed now. From talking to several travel companies, I would also advise booking soon. The fall in the pound will take time to filter through into higher costs for flights and cruises but a sustained lower pound will eventually cause a price hike."
The Travelzoo survey also revealed that nine per cent of respondents are concern about being treated badly following the referendum, while 81 per cent said the so-called Brexit vote would have no impact on their desire to travel this summer.
But the research also revealed that 47 per cent of respondents were concerned that the costs associated with travel would go up over the coming months and years.
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