UK holidaymakers will take £836 million more on holiday this summer in light of the fall in sterling, according to Sainsbury’s Bank Travel Money.
Each traveller will take an additional £34 compared to this time last year as the pound is currently worth 3% less against the euro and 1% less against the US dollar than a year ago.
In the first five months of the year, the sum of the top-five foreign currencies bought from Sainsbury’s Bank Travel Money was 26% higher than the same period in 2016.
To combat the fall in sterling and to make money go further, 9% of people have chosen to go all-inclusive holidays, while 6% have booked self-catering to save some cash.
Almost one in 20 say they will go on fewer excursions whilst on holiday abroad, and 3% have decided to holiday in the UK this summer.
