Brits holiday spending on trips to countries within the EU reached a record high last year, according to new research.
Marks and Spencer Travel Money found holidaymakers from the UK spent a total of £17,770 million on breaks to EU member states, excluding the costs of travel to and from the countries, in 2007 – up from £17,132 in 2006.
The firm revealed it expects to see that figure increase once again in 2008, despite the high value of the Euro against the pound, and the relative weakness of sterling against the US dollar .
"The Euro is our favourite form of holiday cash, accounting for 58 per cent of all currency sales in the UK," commented spokesperson Fraser Miller.
"With the recent wintry weather at home, and an early start on the spring/summer season, 2008 could be another record year for the Euro ."
He added that the addition of Cyprus and Malta - two hugely popular holiday destinations for Brits - as EU member states will help continue the trend.
More than 1.3 million UK holidaymakers visited Cyprus in 2006 alone.
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