Servants who are part of the UK travel industry in recent times will have undoubtedly seen the most challenging period since the mid seventies and three day woring week. Most business has good and bad times but the current economic climate has brought many unwelcome aspects that are all damaging foreign travel. With unemployment on the up and the fear of unemployment, cut backs on woring overtime and reduced working week have obviously made people very wary of spending. To make matters even worse the pounds plummet against the Euro and the USA dollar has made venturing outside the UK ever more expensive.

The falling pound is an excellent factor to help UK exporters by making their products cheaper to foreign importers and encourage travellers to visit the UK which has a knock on effect and helps the domestic economy and ultimately by persuading people in the UK to take holidays at home because the price of vacating outside the Uk is now so much more costly..

Historically, as a percentage of population no other country sees so many holidaymaker taking a holiday abroad and this has already damaged the profits more often than not seen in such countries as France, Portugal, Turkey, America, Sweden, Belgium, Holland, Ireland, Croatia. It has been forcast that for 2009 over a million less Brits will visit Spain and given Spain’s high dependency on tourist income this will be a a devastating knock to their finances at all levels, causing businesses to close and increase job losses.

The falling pound adding to the recent recession has already had a bad effect on income for companies operating travel services for the UK. Airport companies, travel agents and airport hotels are all announcing lower figures for the current year and the recent significant fall in the pound must only make 2010 even harder. All these companies will have to take account of these findings and you will be right in expecting to see cheaper Manchester airport parking and Manchester airport hotel parking prices.

Altering exchange rates definantly makes life hard for all overseas holiday companies to set costs so far in to the future. They will all aware that they have rivals not only with local hotels but hotels in other parts of the world who have been affected, such as Turkey who have seen a stedy increase in business at the expense of other more popular destinations.

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