Cheaper airport parking or airport hotel parking prices expected for 2010
Anyone who is part of the Uk tourism recently will have unquestionably witnessed the most depressing period since the mid seventies and three day woring week. Every business has ups and downs but the current recession has brought many unwelcome aspects that are all damaging foreign travel. With unemployment on the up and the fear of unemployment, cut backs on overtime and reduced working week have naturally made people very wary of spending. To make matters even worse the pounds plummet against the Euro and the USA dollar has made travelling abroad even more pricey.
The falling pound has benefited UK export traders, the UK domestic tourist industry and encourages people to choose a holiday at home. Furthermore, the Bank of England has taken a very even stance over this fall and has more or less admitted this is no bad thing for the country.
The Uk on population percentage, travel abroad more than any country and this has already damaged the income more often than not seen in such countries as France, Portugal, Greece, America, Sweden, Belgium, Germany, Ireland, Croatia. It is estimated that for 2009 more than a million less Uk tourists will venture to Spain and given Spain’s high reliance on tourism income this will be a major blow to their finances at all levels, causing businesses to close and increase job losses.
The likely sector in Great Britain which will be affected are those which work in foreign tourism such as airlines, airport hotels, airport parking companies, travel agents and ultimately the airports who are all seeing less turnover this year with the prospects even worse for 2010 because of the pound. In reality the falling pound will probably have a bigger impact than the recent credit crunch, with Uk holidaymakers opting for a holiday at home. For travellers deciding to travel abroad there will be superb savings to be made for holidaymakers using UK airports and in real terms prices for airport parking East Midlands or if you are planning on staying over before your flight your East Midlands hotel parking will be considerably reduced
Another hazard to overcome is how to try and stay one step ahead of the exchange rates, take a hotel abroad for example if it is tied to a major travel agent they need to set a price now for the new season that will be low enough to attract customers in a reduced market, but if they charge in pounds and the pound continues to fall then they could be in danger. Or alternatively the travel company agrees the price in euros they could also loose out on this contract.
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