The big British spender

This summer, British tourists overseas are expected to go on a major record breaking spend. A travel industry report published yesterday forecasts that those going away this summer will spend £7.8 billion during their holiday, four per cent more than last year and British bookings to the Balearics have suddenly started rising. On average, an adult British holidaymaker this summer will spend £766 in the resorts and 34 per cent will be in cash; 26 per cent will be in travellers cheques, 24 per cent in plastic, nine per cent will be withdrawn from cash machines and seven per cent exchanged in to local currency in resorts which for many will be in the Balearics. Tourist spending in the Balearics has been rising quite dramatically over recent years. Yesterday, the Balearic Institute for Tourism (IBATUR) announced that bookings to the Balearics in Britain are now double what they were in the middle of March and that the market has suddenly revived.