Open any newspaper, listen to any blog, in fact whatever you turn its a case of doom, gloom and ever higher prices. And no one is more aware of the current dire financial position than your local travel agent. In a more ordered financially responsible world, I'm not a big fan of what is known as a package holiday.
But cruelly in the current position, its time to take advantage of possibly the largest number of amazingly attractive holiday offers. But I hear you say how does this work?
Holiday companies almost exclusive deal in US Dollars and in order to put inclusive holiday package ie flights, hotel reservations and transfers together, they have to be secured and paid for well in advance. To do this the firms play the financial markets and 'hedge' their future financial requirements.
So having fixed a set amount for future finance, the holiday package elements can be negotiated, paid for and offered to the Public. But like everything else these days, the World is effectively upside down and even the best regulated plans can go wrong, so consider the 30 or so pages of small print making up the booking contract between you and the holiday company... To be continued....