Region not hit by cash crunch'

16/10/2008 00:00

HOLIDAYS to the Balearics may not be hit too hard by the credit crunch, according to a travel agent survey.
A poll conducted by the Association of British Travel Agents (ABTA) reveals that 83 per cent of people who took a trip abroad recently are planning a holiday overseas again in 2009.

The survey also found that 47 per cent of people will not adjust their travel plans because of the current economic situation. Half of the travellers questioned said they would not be altering the length of their holidays because of the uncertainty in the money markets.

However, the strength of the euro is forcing people to reconsider the destinations they chose.
Only 46 per cent of people surveyed said they would be heading to Western Europe resorts for their next holiday, compared to 65 per cent this year and 68 per cent in 2007.