Euro Currency Wobble Could Help Lanzarote Vacations
Due to unpredictable weather at home, the British love their overseas holidays - and many of them like being abroad so much they buy a holiday home
in their favourite destination - or even move there full time.
The recession is hitting the British particularly hard, as their currency - sterling - has dropped in value against the Euro, making their spending money
worth a lot less than a year ago.
And there appears little chance of Britian joining the Euro with opinion polls consistently showing well over 70 per cent of the population would vote
against ditching the pound.
One British company who have noticed the slide of the pound against the Euro is International Property Tribune. They deal in tax haven property but
also have travel sites for Lanzarote, Tenerife, Menorca and other parts of Spain.
'We have always listed our properties with the local currency first - normally the Euro - and then an approximate guide in sterling', they say, but add 'In
January we removed the sterling conversions from the Euro as they were so close to being of equal value it just wasn't worth listing the British
But the move could be a temporary one - 'If sterling picks up and moves to 1.2 Euros for a pound we'll introduce the British prices again, but that might
be a year or two away.'
On the travel side, the company say that British people are booking holidays, and there's a rise on last year, but not in the same numbers as two years
ago, and say last year saw a drop of between 15 and 20 per cent in holiday bookings depending upon the location.
Some areas that could do better than others during 2010 might be the ones that have winter visitors as well as summer ones, with bookings made for
this winter as people get more confident of the economy and job prospects.
A good example is Lanzarote. The island is famous with tourists for its volcanic origin. They come for the spectacular scenery and the balmy weather.
Its temperature remains fairly constant year round