Mallorca is now four percent cheaper for British tourists after an increase in value of the pound sterling against the euro. Sterling has been performing well against the European single currency in recent weeks. It has risen by 3.8 percent.
"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," Laura Plunkett, head of travel money at Post Office told Sky News.
"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."
Mallorca is already looking at a bumper holiday season with tour operators increasing the size of their programme.
4 comments
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billOk, if you don't fancy Egypt, try Torremolinos. It's not really cheaper than the British resorts in Mallorca, but it looks like it should be, so that may be comforting. By the way, the pound still hasn't sustainably recovered after the Brexit fiasco, and won't likely ever, so you shouldn't rule Egypt out. Enjoy your trip.
we need a strong pound to pay for all the price increases (air fares hotels food drink etc) i dont see at all it is cheaper a stronger pound only helps a little there are far cheaper places in spain than mallorca
One word: Egypt. It's cheap as chips right now. Have a great time!
I do not think the Exchange rate is good enough. I have seen several years of a slight increase during the Winter. Then a gradual reduction in the Summer. I expect the same will occur again this year. Those involved with the Money Market make gains with these small fluctuations every year.