The Managing Director of Airtours, Britain's biggest travel firm and one of the largest in the world, warned Spain last night that British tourism would fall when the euro was introduced. Tim Bryne said that competing holiday countries outside the euro zone would benefit because British tourists would be getting less money for their pound sterling. He claimed that countries like Egypt and Tunisia would receive many more holidaymakers once the euro was introduced in 2002 in Spain and the other bloc countries. He forecast that the value of the pound would fall while the euro would increase in value over the next few years. Airtours will be bringing an estimated five million tourists to Spain this year. The Manchester-based tour firm said that they would also be seeking a strategic alliance with the Palma-based Sol Hotel Group. Airtours is one of the big three tour firms in the world which include TUI-Thomas and the Condor Neckermann Group. In Majorca the company owns the massive Bellvue complex in Alcudia which has more than three thousand apartments. They have recently signed a deal with the Hotetur hotel chain. Airtours has also been one of the most outspoken critics of the tourist tax which the local government plans to introduce.
Euro will hit British tourism to Spain
23/03/2001 00:00
Also in News
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"
No comments
To be able to write a comment, you have to be registered and logged in
Currently there are no comments.