We don’t walk around with our pockets stuffed with ten pound notes in the UK, but we still flash the cash abroad.
The Brexit vote in June should have been a boon for holiday cottage owners, Center Parcs and Butlins.
With a General Election looming, those going abroad this summer will be faced with the prospect of significant currency volatility before they reach their destinations.
Over half of all consumers would pay for a cup of coffee and a cake with cash according to research from Consumer Intelligence released for European Money Week.
Consumers are missing out on important protections and legal rights by choosing not to pay with a credit card when travelling or buying online.
Brits travelling abroad are being warned about double hidden charges when using overseas cash machines in European Money Week.
Consumers are being warned to be wary when they pay for hotels, food and drink overseas.
Consumer Intelligence research highlights that holiday makers still don’t buy the prepaid card and here are some simple reasons why:
Travel magazines have been read, travel agents visited and travel websites browsed – the process of research and booking the annual summer holiday is in full swing. And once the trip itself is booked attention turns to other aspects of the holiday such as travel insurance and travel money. In fact, our infographic shows that 75% of travel money transactions happen between April and September.
If 2016 has been an interesting year in our sector, 2017 is set to be no different.