Vietnam is new British traveller favourite as demand for currency up nearly 70%, but hotel fees likely to rise too

by Tiffany Millar on September 7, 2012

The amount of Britons visiting the rapidly-developing south east Asian nation of Vietnam has increased dramatically this year, according to new research.

Holidaymakers have seemingly been encouraged by Vietnamese flagship carrier Vietnam Airlines starting its maiden Gatwick to Hanoi service in December 2011. Notably, these were the first-ever direct flights to Vietnam from the UK.

A survey conducted by the Post Office showed how Vietnam topped their list of the world’s fastest-growing foreign currencies as summer sales of cash soared by a whopping 68 per cent when measured against¬† overall purchases by British holidaymakers last year. In similar news, Brazil appears to be increasing in popularity with tourists from the UK too as sales of the South America¬† country’s currency jumped by at least two thirds this summer, according to the study.

In response to a boom in tourism, hotel rates across Brazil have risen. Hotels.com, the popular accommodation website, showed how the average price for a double room in the city of Rio de Janeiro has risen by 31 per cent over the past year. As Brazil will stage the 2014 FIFA World Cup and Rio will host the next Olympic Games in 2016, interest in South American holidays will most likely grow even further

When compared against 2011, Mexico’s peso, Hungary’s forint and Croatia’s kuna have all increased by half. The Post Office’s head of travel money, Andrew Brown, commented that the study proves how holidaymakers continue to consider currency fluctuations when booking their trips abroad.

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