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News

Welcome to our News section at Travel Money News.

European holidays more expensive than last year2 Aug at 9 AM

Holidaymakers choosing a trip to Europe are likely to find it more expensive than last year because of the changing value of the pound on the currency markets. However, those prepared to consider a longer-haul trip may find they get more bang for their buck than a year ago. Among the countries now offering better value for the pound are...

Save money by sharing a hotel room with a stranger26 Jul at 9 AM

An accommodation website is offering single travellers the opportunity to save when they go away by sharing the hotel costs with a complete stranger. Easynest hooks people up with each other if they are prepared to split the bill. Site users are encouraged to create an interesting profile as a way of attracting like-minded...

Holidaymakers favour cash over cards19 Jul at 9 AM

The fall in the value of the pound means that summer holidays have become more expensive. It is estimated that most families will fork out around £1000 per week on excursions, food and drink. Around a quarter will spend £250 on a new wardrobe and picking up last-minute necessities at the airport. Researchers from the Halifax found that...

Holiday money saved by buying foreign cash early12 Jul at 9 AM

As household budgets in the UK continue to be stretched many Brits will be hunting down bargains this summer for their holidays. However it is not just a good deal on flights and accommodation that will help cut down on the spending. It is also important to think about exchanging money as early as possible. Leaving the buying of foreign...

Brits feel happier taking hard cash on holiday5 Jul at 9 AM

A recent survey by Halifax found that Brits travelling abroad prefer to rely on cash rather than making withdrawals or paying for goods and services on their credit or debit cards. Although there are risks associated with going on holiday with large amounts of cash, 60 per cent of respondents said they preferred to buy money in advance....

More Brits to holiday at home this year28 Jun at 9 AM

A recent survey by Travelodge found that as many as two thirds of families in the UK are planning to spend their summer holiday at home this year. The staycation has risen in popularity with families in recent years as foreign holidays become more expensive and budgets become tighter. In 2012 the number of Brits choosing to holiday at...

Holidaymakers advised to protect personal information this summer21 Jun at 9 AM

Although uppermost in the majority of holidaymaker’s minds as they prepare to jet off this summer will be getting the best travel deals or buying a new wardrobe, there are other things that need to be taken care of before driving to the airport. Experian Consumer Services UK and Ireland Managing Director, Peter Turner, said it was also...

Holidaymakers should consider spending money wisely14 Jun at 9 AM

A new survey by Tesco Travel Money has revealed that although Brits are still keeping a close eye on their spending, many are still unwilling to give up their summer holiday. The study found that 35 per cent of respondents plan to leave the UK in the coming three months in search of sun, sea and sand. The average amount being spent by...

Women add to cost of holiday with a new wardrobe7 Jun at 9 AM

New research has revealed that women bump the cost of their holidays up by as much as a third when they buy a new wardrobe to take abroad. The poll found that on average female holiday makers will spend £245 on accessories, clothing and toiletries before they have even boarded the plane. Nearly 2,000 women over the age of 18 who had been...

Changing holiday money more expensive at airports31 May at 9 AM

A new report by consumer watchdog Which? shows that holidaymakers travelling abroad this summer are better off ordering their spending money online or buying it on the high street than using a bureaux de changes at an airport. Researchers looked at money exchanges at Manchester, Luton, Stansted, Gatwick and Heathrow airports and found that...

Brits own ?2 billion in foreign cash24 May at 9 AM

A survey by Debenhams Personal Finance has revealed that £2.1 billion worth of foreign currency is sitting in drawers and jars in households around the UK. The study found that the average person in Britain owns £59.40 in currency left over from their holidays. Mike Hazell of Debenhams Finance said there was a massive amount of foreign...

Brits driving abroad face heavy fines for breaking the rules17 May at 9 AM

British motorists driving on the Continent this summer face heavy on-the-spot fines if they fail to follow the rules, according to a new study by Post Office Travel Money. In its annual report entitled Motoring on the Continent it was revealed that around one in five Brits who have driven on the continent have been stopped at least once by...

Budapest cheapest city destination for UK holidaymakers10 May at 9 AM

New research by the Post Office shows that holiday money this summer will stretch the furthest in Budapest. The cost of two night’s accommodation, along with transport, meals and other factors in the Hungarian capital added up to £134.76. The same basket of purchases in New York totalled £541.23, according to the study. The most...

Holiday budgets increase as sterling falls3 May at 9 AM

Holidaymakers planning a trip abroad are being advised that a drop in the value of the pound will mean spending more than they did last year. Sterling has fallen by around 9 per cent against the euro meaning that exchanging £1000 will now be £90 more expensive than the same time last year. The cost of going away will also increase as the...

Most expensive holiday in the world finds a buyer25 Apr at 9 AM

A website aimed at the super rich, VeryFirstTo.com, has confirmed that it has sold what is billed as the world’s most expensive holiday. The £1 million package deal promises to take the customer to every one of the planet’s Unesco world heritage sites, a trip that will take two years to complete. The unnamed man from China who has...

Travel Money card introduced by Virgin Velocity19 Apr at 9 AM

Virgin has announced that it will be following rival Qantas by launching a pre-paid travel money card. Frequent flyers will now find the Global Wallet is part of their Virgin Velocity membership card. Virgin has partnered with Visa to offer customers the chance to load multiple foreign currencies onto frequent flyer cards that can be used...

Annual travel insurance could save holidaymakers money12 Apr at 9 AM

Sainsbury’s Bank has conducted a new study that reveals many holidaymakers travelling abroad could be losing out because they have not considered purchasing a single annual insurance policy. For those who travel abroad twice in a year the single policy can save money spent on multiple single trip policies. According to the bank’s...

Families sacrifice holidays because of money worries5 Apr at 9 AM

Recent research has revealed that nearly a quarter of families in the UK have sacrificed their annual holiday in order to pay for other necessities. As the UK economy continues to languish in the doldrums 22 per cent of respondents to a survey conducted by Kleeneze said money worries meant they had to forgo a family trip away. Just over...

Travel money stretches further for Brits visiting Budapest29 Mar at 9 AM

A new study by Post Office Travel Money has revealed that Brits taking a city break can make their travel money stretch further in Budapest. The capital of Hungary came top of a list of 25 foreign holiday destinations in a table of 25 cities. The survey looked at 12 items typically paid for on a trip including accommodation and meals and...

Holidaymakers save for six months to travel abroad22 Mar at 9 AM

Holiday makers are being advised to book their trips abroad as early as possible in order to find the best deal. Recent research suggests that a week long holiday costs a single person around £500, a couple £800 and a family of four £1,200. The study by sunshine.co.uk also shows that people will spend around six months saving for their...