Will Holidays Be More Expensive In 2018?
While many people have a strong opinion on Brexit, these opinions may not be about the economy or the overall impact on the economy. There are many issues that vex people and lead them to question what politicians are doing with themselves but when Brexit eventually rolls around, there will be a lot of people worrying about how it leaves their wallet and bank account. This is definitely the sort of thing that leaves people happy or sad about a decision and sadly, there is no way to know exactly what will happen after Brexit, even though some experts claim to know for definite what is going to pan out.
This doesn’t stop experts and professionals from voicing their opinion though and one recent issue will cause a lot of concern for people in the United Kingdom. This is because a leading travel operator in the United Kingdom, Thomas Cook, has announced an expectation that the cost of Spanish holidays will rise by around 5% to 10% in 2018. This has been blamed on the weak pound and of course, many people are going to be hugely unimpressed by this announcement.
There are many concerns people have about their holiday destinations
Spain has long been a popular tourist destination for British holidaymakers and there is also the fact that many UK tourists believe Spain is a good place to visit because it is seen as less of a terrorist threat than any other places. Again, this isn’t something that you can say with 100% confidence and of course, there have been issues in Spain before, but at this point, it does seem as though British people have a faith in the Spanish market.
Of course, this has led to a big rise in demand for Spanish hotels and trips, and this has further impacted on the market. When there is a high level of demand for a service, and there isn’t enough supply to keep up, the price inevitably rises. This is definitely the case in Spain at the moment with many destinations struggling to keep up with the level of demand for Spanish holidays.
This is great news for tourist companies in Spain but of course, if you cannot satisfy the full level of demand, you are turning money away, which will obviously leave some firms feeling slightly frustrated. This is another factor in firms increasing prices because they may be annoyed at losing out on money, which they then try and make up with a fewer level of sales.
Other destinations may become more popular
Thomas Cook expects destinations like Turkey and Egypt to be more popular in 2018, and the company is looking to send people to these destinations. Ironically, Thomas Cook hasn’t sent many people to these destinations of late due to terrorist concerns, but it may be that people are willing to return to
If you are looking for a holiday but you may not have the funds needed at the time, you can take a helping hand from a guarantor loan. A guarantor loan isn’t a frivolous matter and it is something that people should weigh up seriously before taking the plunge. However, there is no denying that having the chance to spend as though you have next month’s money today is definitely a good idea. This is where a guarantor loan can help people to snap up a great deal at the best possible price.
This is definitely a smart way to be in control of your finances at all times and if this sort of activity helps you to make the most of your holiday time, you will find that many people are more than happy to take this option.
Now that the summer of 2017 is behind us, it is only natural that many people are looking to the summer of 2018 and the potential holidays on offer. This is why the news that Spanish holidays are expected to rise in price is a worry for a lot of people but if you take control of your finances, you will find that there is a genuine opportunity to have a great time, which is all most people are looking for from a holiday.
Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.