UK residents spent £35.5 billion abroad in 2014, 11.7% (£3.7 billion) more than in 2010, according to new research commissioned by Centtrip.
The research reveals UK citizens spent £6.14 billion in Spain in 2014 – the most for any country in the world – and £3.91 billion on visits to the USA. Some £3.51 billion was spent across the Channel whilst in France, while Italy was fourth with £1.68 billion.
The research by the travel money business also showed that Romania had seen a 114% increase in spending by UK residents between 2010 and 2014. This equated to an extra £102 million. Lithuania and the UAE were second with increases of 74% while Norway and Mexico saw increases of 69%, 60% respectively (see notes to editors).
Brian Jamieson, co-founder and managing director, Centtrip said: “Overseas travel is increasing, but as people visit more countries, they need to make sure they are getting a fair deal when buying foreign currency, and keep charges down to a minimum.”
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