Post Office Foreign Exchange research reveals UK holidaymakers' passion for package deals

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Consumers swap independent travel for package deals with improved foreign exchange rates

New Post Office foreign currency exchange research has revealed that many UK tourists are deserting independent travel for package holidays. Some 11 per cent believed their travel money would stretch further on package deals and, coupled with the current foreign exchange rate, would lead to even more savings. Another ten per cent said they opted for package deals for financial protection.

This year has seen some of the lowest-ever package prices for Thailand, which tops the Post Office Long Haul Holiday Report for best value in foreign currency exchange rates. For example, the Thai baht gives you more foreign currency for the pound than anywhere else.

The latest Post Office research also reveals that despite the weakening of sterling's foreign exchange rate against the dollar, almost one-third of holidaymakers planning winter trips will head to the US. Sales of trips to Florida, New York and Las Vegas have soared. Current foreign exchange rates have made the pound worth 21 per cent more now than in March, and UK tourists have benefited from lower prices when spending their travel money abroad in shops and restaurants hit by the credit crunch.

Sarah Munro, Post Office Head of Travel Services, said: "'The US is an incredibly resilient holiday destination - whatever the foreign exchange rate. Sterling's recovery since earlier this year and the improved foreign exchange rate means that a trip to the US is still good value. Cost also remains the big issue for people planning holidays. It's not surprising that package holidays are showing greater appeal and can help make your travel money go further."

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