itravel2000, a Travelzest company, has seen an improvement in
international bookings in the Canadian market on the wings of the
strong Canadian dollar. Simply put Canadians are taking advantage
of their tremendous buying power in the UK, Euro-zone and the
US.
The UK
The Canadian dollar goes further in the UK this spring than it has
any time since planes started flying tourists across the Atlantic.
Not too long ago it took $2.50 to buy a Pound Sterling. Right now
it costs only $1.55 to buy a Pound Sterling.
Jonathan Carroll, Founder itravel2000 and Chief
Executive of Travelzest plc, said:
“In the past week, we’ve seen Canadians snapping up
flights to the UK – they’re taking advantage of the
Loonie’s incredible purchasing power.”
In 2009, Canadians made 700,000 trips to the UK, down 7% from
2008 (Conference Board of Canada).
The Euro-zone
In 2009 it took as much as $1.70 to buy a Euro and during the year
Canadians made about 2 million trips to Euro countries (Conference
Board of Canada). Now it takes only $1.40 to buy a Euro. This 20%
improvement in the buying power translates into cheaper flights,
hotel rooms and restaurant meals. Bookings to the hardest hit
economies, Spain and Italy, are the early winners as hoteliers
struggle to off-set soft domestic demand.
The USA
Nothing gets Canadians across the US border like a strong Canadian
dollar. With the Canadian dollar worth $0.98 Canadians are feeling
rich and heading south.
Jonathan Carroll, added:
“It’s an ideal situation for Canadian travellers.
The Loonie is strong and the US economy is still recovering –
as a result we’re seeing average room rates down 20% in
destinations like Vegas.”
In the first few months of 2009 the Canadian dollar was worth
about $0.80 USD. The Loonies purchasing is up about 20%.
- Ends -
Enquiries:
Notes to Editors:
About itravel2000
itravel2000 was a pioneer of on-line travel and has 100 travel
agents to assist travelers by phone. To see how we’re
fighting to save you money, visit
www.itravel2000.com.
The Travelzest group currently comprises:
Canadian Operations
itravel2000.com - itravel2000.com
The Cruise Professionals -
www.cruiseprofessionals.com
UKOperations
Holiday.co.uk – www.holiday.co.uk
Flight.co.uk – www.flight.co.uk
Best of Morocco - www.bestofmorocco.co.uk
VFB Holidays - www.vfbholidays.com
Peng Travel - www.pengtravel.co.uk
Faraway Holidays - www.farawayholidays.co.uk
The Malaysia Experience
-www.malaysiaexperience.co.uk
Tapestry Collection -
www.thetapestrycollection.com
The Wow House Company -
www.thewowhousecompany.co.uk
Captivating Cuba - www.captivatingcuba.com
JMB Travel - www.jmb-travel.co.uk
Fair’s Fare - www.fairsfare.com
View the full
press release in PDF format [19 KB]
