Resort News

Main page

Larry King Going Live at the Carlyle

Jaquet Droz President Manuel Emch Resigns

Sharon Stone's Basic Instinct is to Sell

UK holidaymakers hoard nearly ?1billion in forgotten currency

USA: Leading hotel indicator shows improvement

Italy wins first place at the Sunday Times Travel Magazine Awards

PATA launches relief fund for victims of natural disasters

SITA and Orange Business Services conclude a $2b. deal

Etihad moves to new home at Heathrow’s Terminal 4

Mosaic Holidays launches forst Jordan Programme

Virgin Atlantic welcomes EC’s concerns about proposed BA/AA alliance

Marketing sustainable tourism can help improve profits, says World Travel Market

The Co-Operative Travel challenges aviation industry on emissions

Jaz Hotels, Resorts & Cruises launches new resort in Egypt

Continental Airlines to move Tokyo flights check-in at Narita Airport

NYC & Company announces "NYC: The Real Deal Fall"

SynXis' Distribution Marketing Solutions help Westcord Hotels launch new brand

33.9 percent of companies' marketing budget allocated to exhibitions in 2009

Jet Airways wins business traveller's ‘Best Indian Airlines’ Award in London

New generation passenger boarding bridge in Barcelona

Fraport welcomes “New Airline” to the Frankfurt fleet of 130 carriers

EYE see increase in domestic airport audiences

Casino Opens At Greenbrier

Dunnellen Hall Price Dropped Another $15 Million

House's Wedding Rental Causes Controversy

Holiday prices are dropping through the floor

Travel & Tourism: Unity through diversity in the age of globalization

Airports strengthen revenue diversification

Iceland Express takes a biteout of the Big Apple

International visitor spending in the US down sharply in July

Amadeus launches Amadeus Hotel Store in the UK

British Airways melts in The Maldives

AVIVA Stadium Meetings & Events goes live

Jumeirah to enter Rose City in Morocco

IHG's first Hotel Indigo in Hong Kong

Qatar Airways flying high above the credit crunch

Jaz Hotels, Resorts & Cruises opens its new Star on the Red Sea Riviera

AHS announces two new properties in Thailand for U Hotels & Resorts

Regent Secen Seas Cruises enters final phase of fleetwide refurnishment program

Focus Hotels to implement Protel multi-property edition PMS from Xn Hotel Systems

The Feversham Arms Hotel & Verbena Spa awarded ‘AA Hotel Of The Year 2009’

Amex 2010 Business Travel Forecast

Raleigh Acquired By Brilla Group, AJ Capital Partners



Useful Links
WebCam News
WebCam News
WebCam News
WebCam News
WebCam News
WebCam News
WebCam News
Bing
Google
SpiceCams
NeonCams

UK holidaymakers hoard nearly ?1billion in forgotten currency

UK holidaymakers could be sitting on a pot of cash of over £800 million in forgotten foreign currency, the equivalent of over 350,000 return flights to New York or 1.5 million family holidays to Spain. According to a study, each UK traveller has on average the equivalent of more than £40 in unspent holiday money left over from previous trips.The study of 1,000 holidaymakers, commissioned byAmerican Express Global Foreign Exchange Services, reveals that only eighteen per cent of UK travellers make a concerted effort to change back their unspent foreign currency. A number of reasons are given as to why they keep hold of their foreign cash:- 28% potentially equating to nearly six million British adults, are not changing their unspent currency upon returning home because they put it off to a later date- Nearly one in ten (9%) say they are too tired- 8% feel they do not have enough time- 2% potentially equating to 417,713  Brits are unsure where to go to get it changed backHowever, the most popular reason for not changing back unused holiday money for over half (53%) of respondents is commission charges, indicating that many may be unaware these can be avoided by simply utilising a buy back guarantee offered by many foreign exchange services. A guarantee can ensure that customers’ currency left over after a holiday can be bought back by the foreign exchange service at the same foreign exchange rate used on the day of purchase, commission free.Commenting on the findingsHelen Grace, VP, American Express Global Foreign Exchange Services said:“In today’s economic climate most holidaymakers have their eye on the budget when booking a trip, no doubt spending a significant amount of time researching the holiday market before booking. However, these same holiday makers are clearly missing a trick by not changing back their unused currency on their return home.”Fly buyIn an attempt to reduce the amount of currency brought home, the report also reveals that more than one in four (27%) UK travellers are spending the remainder of their left over holiday money on novelty chocolate, souvenirs and CDs as they pass through their holiday airport. It is the younger adults who are the most likely to do this, with over a third (36%) doing a spot of novelty shopping, compared to only one fifth of over 55 year olds.Helen Grace concludes:“The study reveals that across the UK there is a currency black hole, with kitchen drawers and pots holding onto forgotten foreign currency that could be converted back to sterling and spent on other things.”


First Content corp. (c) 2009