Pound to euro exchange rate: Sterling rises thanks to euro’s drop amid coronavirus crisis
“Indeed, generally considered as an expensive destination, the country could increase its existing popularity in Europe, which constitutes the core of its tourist arrivals – 25.4 million visitors in 2019.
“Furthermore, the weak currency, coupled with the predicted slow resumption of air travel and the ‘cabin fever’ effect caused by the isolation period, is likely to boost domestic travel within the British Isles which, in turn, would help the British hospitality industry kick-start its recovery.
“On the other hand, a weak pound is certainly bad news for some popular European destinations, such as Spain.
“Indeed, as one of the most affected countries by COVID-19, Spain will see tourism figures, one of its main industries, drop significantly in 2020, starting with British tourists, who will probably opt for more affordable destinations such as the Maghreb or Turkey.”
Published at Thu, 09 Apr 2020 06:46:00 +0000