Ferry passengers prefer cash

Britons heading by ferry from Hull to Rotterdam may be among those whose holiday spending will mainly be carried out using cash.

A study by Lloyds TSB has shown 84 per cent of travellers will take cash with them, the average figure being £400.

And 71 per cent will obtain it before they go to secure the best value deal, although this number fell to 62 per cent for 18 to 24-year-olds.

By contrast, just ten per cent of people draw out cash at ATM's when they reach their destination, a move that can incur charges on debit and credit cards.

The survey showed that places like the Netherlands, France, Spain and other eurozone countries remain the most favoured destination, with 73 per cent of those buying foreign currency changing their pounds into euros.

Commenting on the situation, head of travel money at Tesco Bank Euan Ballantyne said: "Our research shows getting a good deal on foreign currency this summer is a great way to manage your holiday budget. We already see this reflected in the amount of foreign currency that people are exchanging at Tesco Travel Money."

Once overseas, tourists will have lots of decisions to make over how to spend their cash.

While food, drink, leisure and entertainment are obvious things to spend money on, many people will want to bring back some souvenirs.

However, the latest Holiday Shopping Report by The Travel Foundation and ABTA - The Travel Association has found there are several ways in which people may decide to be more careful about what they buy.

Released as part of Make Holidays Greener Month, the study warns that up to ten per cent of a holiday budget can be wasted on souvenirs that are illegal, environmentally damaging or simply end up being disposed of

It found the phrase "been there, bought the T-shirt" is true for around half of travellers, but these items are the most likely to either be neglected or simply discarded when they get home.

Posted by Andrew Smith

Harwich - Hook of Holland

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