Saturday 23 June 2018

Sterling weakness entices Irish holidaymakers to UK

Irish holidaymakers are taking advantage of the weak pound to visit sights such as London’s Big Ben. Photo: Vitor Marigo
Irish holidaymakers are taking advantage of the weak pound to visit sights such as London’s Big Ben. Photo: Vitor Marigo
Colm Kelpie

Colm Kelpie

Irish travel agents have seen a jump in demand for travel to the UK, thanks to the weak pound, an analysis by Fexco shows.

It said researchers had trawled through more than 400 transactions made by Irish travel agents through Fexco Corporate Payments during the first eight months of both 2016 and 2017.

By the end of August, Irish travel agents had spent 68pc more on UK travel and accommodation than during the same period in 2016.

The company said that while the total number of UK-bound transactions increased by 9pc between 2016 and 2017, the average transaction size has risen by more than half, from €3,978 in 2016 to €6,110 this year.

David Lamb, head of dealing at Fexco corporate payments, attributed the increase to the weak pound.

"Our data shows that Irish travel agents are responding to Ireland's booming demand for travel to - and accommodation in - the UK. Their increased spending is likely to be driven by their customers choosing the UK over eurozone countries in order to benefit from sterling's weakness," he said.

But he added that the "flip side" of this was that the same weakness had led many UK tourists to stay away from Ireland.

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