Connect with us

Travel

Britons holidaying abroad are getting more value for money

Published

on

A elderly British couple holidaying abroad.
Sterling has strengthened in value against 21 popular currencies over the past 12 months | Photo: Vidar Nordli-Mathisen

Strong currency performance puts more cash in pockets of Britons holidaying abroad

Rising rates for sterling mean holidaymakers can look forward to getting more for their money in the vast majority of holiday destinations this year, according to new exchange rate analysis by Post Office Travel Money for its regular Holiday Money Index survey of currency rates and sales trends.

Sterling has strengthened in value against 21 of Post Office Travel Money’s 25 bestselling holiday currencies over the past 12 months but the amount by which Britons can hope to benefit varies quite significantly from one destination to another. While Britons can expect to receive 3.8 per cent more than a year ago when changing their pounds into euros and 5.5 per cent more US dollars, they will get far more for their money when visiting Turkey, Kenya and Japan.

The Exchange Rate Monitor, published as part of the Holiday Money Index, reveals that Britons visiting Turkey will currently get around 73 per cent more liras for the pounds than a year ago – the equivalent of almost £211 extra on a £500 currency purchase. This rises to 113.5 per cent – or £266 extra – over two years.

Sterling has also gained almost 21 per cent in value against the Kenyan shilling and 15.7 per cent against the Japanese yen compared with a year ago. Although the dramatic fall in value of the Egyptian pound reported in last year’s Holiday Money Index has bottomed out, it is still 6.3 per cent weaker than last March. Cumulatively, this means visitors will receive around £234 (88 per cent) more on a £500 currency transaction now than two years ago.

There have also been sizeable sterling gains against the currencies for a trio of the most popular destinations for UK holidaymakers – Prague (Czech Republic: +12.7 per cent), Thailand (Thai baht: +9.9 per cent) and South Africa (South African rand: +9.2 per cent), while Britons visiting friends and family in Australia will get 8.5 per cent more holiday cash for their pounds.

Only four currencies – the Polish zloty, Mexican peso, Costa Rican colon and Swiss franc – have gained ground against sterling. The pound’s biggest fall of 4.3 per cent year-on-year has been against the Polish zloty, although this is eclipsed by two year losses of over 20 per cent against the Costa Rican colon and Mexican peso.

Sterling’s current buoyancy against most leading holiday currencies – including the euro and US dollar – provides a great incentive for Britons considering trips abroad in the coming months. Most currencies have weakened against the pound in the past year, and many of these are for destinations that traditionally offer the cheapest prices for meals, drinks and other tourist staples. Good examples of this range from Turkey and the Czech Republic in Europe to Kenya, Thailand and Vietnam further afield,” says Laura Plunkett, Head of Travel Money at Post Office.

The latest analysis of currency sales by Post Office Travel Money, which accounts for one-in-four of all UK foreign exchange transactions, reveals that sales of 16 of its 20 bestselling currencies have risen over the past 12 months (February 2023-January 2024). It also observes that many of these currencies are continuing to show marked growth in 2024 to date.

Reviewing sales for January 2024, Post Office Travel Money reports that Caribbean currencies have seen the most dramatic year-on-year growth among its 20 bestselling currencies. In particular, it found that East Caribbean and Barbados dollar purchases rocketed by 103 per cent and 64 per cent respectively in January – outperforming growth levels by rival destinations in the Far East.

However, taking at the year as whole, seven Far Eastern currencies dominate the top 10 chart of Post Office Travel Money’s currencies showing the greatest levels of growth. The biggest percentage sales increase was for the Chinese yuan, which recorded a spectacular 573 per cent year-on-year rise, albeit against very low sales the previous year when visits to China were off limits.

The euro and US dollar remain by far the most popular holiday currencies, topping the chart for the past year as they have consistently done – and a sales increase of nine per cent in January made the euro the 10th fastest growing currency for that month.

Demand for aspirational destinations is also particularly strong. Both the Australian dollar, third in the Post Office bestsellers top 10, and New Zealand dollar, ninth in the table, have built on the exceptional currency growth seen a year ago when Australia and New Zealand re-opened to international visitors.

EuroNewsweek is a dynamic news platform featuring lifestyle, sustainability, successful stories, tech, leadership, creative marketing, business, and the unstoppable people behind them.

Travel

easyJet plane forced back to Spain after mid-air passenger brawl

Published

on

easyJet plane forced back to Spain after mid-air passenger brawl
Review due in the autumn could affect Apollo's proposed £5.7 billion easyJet takeover. | Photo: Frank Schlattmann

easyJet is making headlines this week – and not for the best reasons.

A flight bound for the United Kingdom was forced to return to Tenerife after a major disturbance involving around 10 passengers broke out shortly after take-off, prompting the captain to prioritise the safety of everyone on board.

The incident occurred on easyJet flight EZY3352, which had departed Tenerife South Airport for Liverpool. According to Spanish air traffic authorities, the crew requested an immediate return to the airport around 30 minutes into the journey after reporting a serious altercation involving a group of passengers. Air traffic controllers coordinated a priority landing, and police officers were waiting to meet the aircraft on arrival.

easyJet onboard fight may have started before boarding

Officials said the disturbance involved approximately 10 passengers travelling together. Although initial reports described the incident as a “mid-air brawl”, later information from Spain’s Civil Guard indicated that eight people — two adults and six minors — were removed from the aircraft after it landed safely.

Investigators believe the disagreement began inside the airport terminal before boarding and continued after take-off. No injuries were reported among passengers or crew, and officials confirmed that no arrests were made. However, everyone involved in the disturbance was identified by police and escorted from the aircraft before the flight resumed its journey to Liverpool John Lennon Airport yesterday.

EU review of ownership rules threatens easyJet bids

The onboard disturbance is not the only issue facing easyJet this month. The European Union is preparing a review of airline ownership rules designed to prevent foreign investors from gaining effective control of European carriers.

The review comes amid a bidding war between two US investment firms for control of the budget airline, a contest that is expected to test EU rules requiring airlines to remain at least 51% owned and controlled by EU nationals.

According to Reuters, easyJet earlier this month backed a £5.7 billion ($7.65 billion) takeover offer from Apollo Global Management, surpassing a previous £5.5 billion bid from Castlelake. However, Apollo has not publicly explained how it would satisfy the EU’s majority ownership requirements, one of the biggest obstacles facing any non-EU acquisition of a European airline.

Continue Reading

Travel

Gatwick Express to start overnight and early‑morning train services

Published

on

Gatwick Express to start overnight and early‑morning train services
Gatwick Express is introducing a new summer timetable from 18th July 2026. | Photo: GTR

Starting this weekend, Gatwick Express is trialling early morning and overnight train services to cater to those getting early flights out of London on Saturdays, and returning back to the capital late on Sunday nights.

Departing London Victoria at 03:40 on Saturdays and leaving Gatwick Airport at 04:35 on Sundays, the new train times tap into the trend for ‘bed to boarding’ style, which is being led by Gen Z travellers.

In a survey commissioned by Gatwick Express, more than a third (33%) of Brits aged 18-29 say they have travelled to the airport in pyjamas, with over half of the same age group (53%) saying it’s acceptable to do so for an early morning flight. This is in stark comparison to Gen X (13%) and Boomers (4%) sharing the same views.

Gifts for early raisers

To celebrate the launch of the new trains and additional benefits, Gatwick Express customers were gifted with travel essentials kits this week, featuring handy holiday items such as portable chargers, passport holders, and mini toiletries.

“We know that annual leave is precious and when the time comes to get away, every minute counts. Our new services will help people maximise their holidays by connecting them to early morning and late-night flights over the weekend. These new customer enhancements are part of our wider strategy to drive growth to key airports on our network,” says Louis Rambaud, Chief Customer Officer at GTR.

Rail Minister, Lord Peter Hendy, said: “These additional overnight Gatwick Express services will make a real difference to people arriving late or travelling for early flights – connecting them straight to the capital. Alongside contactless ticketing at every London airport, we’re building a railway that works for passengers and drives growth across the country.”

Continue Reading

Travel

How to Beat Rising Travel Prices and Spend Less

Published

on

How to Beat Rising Travel Prices and Spend Less
Overseas holidays rose by over 20% between 2022 and 2024. | Photo: Olya Kobruseva

A well‑deserved holiday shouldn’t leave you with financial worries — but rising travel costs mean many people are now paying more than ever for the same trip. According to the UK’s Office for National Statistics, the cost of overseas holidays rose by over 20% between 2022 and 2024, driven by higher airfares, accommodation prices, and general inflation. At the same time, ABTA’s 2024 Holiday Habits report found that 68% of UK travellers actively look for ways to reduce costs, and more than half say they are changing how they book, when they travel, or where they go to save money.

When you add in hidden fees, airport charges, and fluctuating exchange rates, and it’s easy for a trip to cost far more than expected. However, travellers who plan strategically can offset much of this. With the right approach — from smarter budgeting to avoiding unnecessary charges — you can still enjoy a memorable holiday without overspending. Here we explore practical steps that help you travel smarter, spend less, and get more value from every trip.

Budgeting for Your Next Escape

The first step to any affordable holiday is creating a realistic budget. Before you even think about destinations or booking flights, you need to know what you can comfortably spend. Start by setting an overall savings goal for your trip. How much do you want to spend in total? Once you have a figure in mind, you can break it down into categories: flights, accommodation, food, activities and pre-travel expenses.

A great way to stay on track is to set up a separate savings account specifically for your holiday fund. Automating a weekly or monthly transfer, no matter how small, helps build your travel pot consistently. Seeing that balance grow provides powerful motivation. There are many apps and online tools that can help you track your spending and stick to your goals. Following some smart travel budgeting tips can help you identify where you can make small cutbacks in your daily life to redirect more funds towards your adventure. Remember, a budget isn’t about restriction; it’s about control. It empowers you to make conscious decisions about where your money goes, ensuring you have enough for the things that matter most on your trip.

Finding Flight and Accommodation Deals

Flights and accommodation are often the two biggest expenses of any holiday, but this is also where you can find the most significant savings. The key is flexibility and timing. Being open to travelling on different days of the week can make a huge difference; flying mid-week is almost always cheaper than on a Friday or Sunday. Similarly, consider flying at less popular times, such as very early in the morning or late at night.

Use flight comparison websites to scan for the best prices across multiple airlines. Don’t forget to check the airlines’ own websites too, as they sometimes offer exclusive deals. It can also be worthwhile to look at flying into a smaller, alternative airport near your destination, as landing fees can be lower, resulting in cheaper fares. When it comes to accommodation, think beyond traditional hotels. Private rentals, apartments and guesthouses can offer better value, especially for families or groups. Booking well in advance is a common piece of advice, but sometimes last-minute deals can pop up if you’re willing to take a chance. For a detailed breakdown of how to approach this, a good budget-conscious traveller’s guide can provide invaluable insights into timing your bookings perfectly.

The Value of Pre-Booking Travel Essentials

Beyond flights and hotels, other essential parts of your journey can cost a lot more if left until the last minute. Things like airport transfers, car hire, and even getting to the airport itself are often much cheaper when organised in advance. Leaving these arrangements until the day of travel not only adds stress but also exposes you to premium, on-the-spot pricing.

For example, driving to the airport is a convenient option for many, but paying the gate price for parking on the day of your flight can be incredibly expensive. By looking into and booking airport parking services online weeks or even months ahead, you can secure a spot for a fraction of the cost. The same principle applies to hiring a car at your destination. Pre-booking online from home gives you the time to compare different providers and find the best deal, rather than being faced with limited, pricey options upon arrival. Taking care of these logistical details beforehand means you lock in a better price and start your holiday with one less thing to worry about.

Avoid Hidden Charges

A carefully planned budget can be quickly derailed by unexpected charges. Airlines, in particular, have become masters of the ‘add-on’ cost. What looks like a bargain flight can become expensive once you add checked baggage, choose your seat or pay for priority boarding. Always read the fine print before you book. If you know you’ll need to check a bag, it’s almost always cheaper to pay for it online during the booking process rather than at the check-in desk at the airport.

Another common pitfall is currency exchange. Exchanging money at the airport is notoriously bad value due to poor rates and high commission fees. Plan by ordering your currency online for collection or by getting a specialist travel debit or credit card that offers fee-free transactions abroad. Finding cheap travel money requires a little research but can save you a surprising amount. Finally, be aware of your mobile phone’s roaming charges. Check with your provider about their policies for your destination country to avoid returning home to a shocking bill. Many providers offer affordable daily or weekly roaming packages that can be activated before you go.

Travel Insurance: A Non-Negotiable

When you’re trying to cut costs, it can be tempting to skip travel insurance. This is a false economy. Travel insurance isn’t just an optional extra; it’s an essential part of your holiday planning that protects you from potentially crippling costs. A comprehensive policy provides a vital safety net for a wide range of unforeseen events, from medical emergencies to trip cancellations and lost luggage.

The cost of medical treatment abroad can be astronomical, and your standard health service coverage may not apply. A good insurance policy ensures you can get the care you need without facing a life-changing bill. It also provides cover if you have to cancel your trip due to illness or an emergency, allowing you to recoup the costs of your pre-booked flights and accommodation. When you’re looking at policies, it’s important to be honest about any pre-existing medical conditions to ensure you’re fully covered. The process of choosing travel insurance involves comparing different levels of cover, so read the policy details carefully to understand exactly what is and isn’t included. For the relatively small outlay, the protection it offers is invaluable.

Saving money on your holiday is entirely possible with a little organisation. By budgeting carefully, booking smartly and planning for the small details, you can make your travel funds stretch much further, allowing you to relax and enjoy your time away.

Continue Reading

Trending