Articles & News About Money & Coin Collecting

Bulgaria Give Britons Best Holiday Value For Money

The horrendous May Bank Holiday weather and driving rainstorm which met commuters on their way back to the factories on the Tuesday, following an extended weekend, has led to a big increase in bookings for holidays overseas. Many people it seems are trying to duck away from the random weather of the UK and go somewhere with a sunnier clime. Over the course of the bank holiday and particularly around Tuesday lunch time, online travel companies like, First Choice, lastminute.com and Thomson experienced incredible rises in online holiday bookings, some even by 22%.

The climate of the UK is a strong reason in pushing British holiday makers abroad in record numbers again this year, bookings alone for winter breaks have dramatically increased and demand for short city breaks is ever growing. With the situation of global financial diffidence in the UK at the moment, short city breaks are becoming well liked with people not ready to pay out for full price holidays. The typcail cost for a weeks holiday has recently been put at ?2,057, according to a recent survey of around 3 thousand travellers abroad.

The small, city breaks, with cheap prices are rising in popularity, promoted by costs of 2 weeks abroad compared to shorter breaks, a recent survey by an online travel website, reported that over eighteen percent of holiday makers are choosing for these short city breaks as opposed to only 23 per cent taking a fortnight or more.

A fundamental reason for the upturn in city breaks and enticement of far away sunny destinations is due to the pounds current standing against the Euro. The pound is not very strong against the Euro, indeed at the moment, a Euro costs 80p. This has led to traditional destination haunts like Greece and Spain take a decline in bookings with holiday makers looking at more cost effective alternatives in countries such as Romania, Turkey and Bulgaria where the pound is stronger.

One of these countries, Romania, have certainly noticed a steady increase of tourism to their seaside resorts over the last couple of years. Last year alone the tourism market made 34 million Euros more compared to the last year. Although, many Britons choose to holiday now in eastern European countries, the infrastructure and facilities does not have enough appeal to make foreign tourists spend lots of money and so aid their economy. Even still, the forecasts for this year is that the number of tourists should rise by around 12-16%.

Eighteen per cent of people surveyed were also looking to visit countries were the pound is strong. This means that America, with its weak dollar is particularly charming with cities such as Las Vegas, Las Angeles and New York touted as potential break destinations.

All in all the imminent uncertainty surrounding the strength of the pound against other currencies as well as rising utility, fuel and mortgage payments, will certainly mean that holidays abroad to traditional destinations like Spain and Greece, occur less frequently and breaks to eastern European countries like Bulgaria increase, from our need to get the most from our money in todays hard financial climate.

Maria is a freelance columnist commentating on UK Travel, such as Butlins Skegness for eComparison.

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