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Holidaymakers 'wasting millions on foreign exchange fees'

Brits taking holidays to Spain and other destinations are wasting millions annually on foreign exchange fees, it has been revealed.

Research by Santander Cards found that approximately 20 per cent of travellers use credit cards as their primary method of payment.

However, the company noted that most providers charge a 2.75 per cent transaction fee when goods are paid for in this way.

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More people 'taking holidays abroad'

An increasing number of Britons are enjoying holidays in Spain and other popular destinations, it has been suggested.

Ian Bradley, a spokesman for the Association of Independent Tour Operators (Aito), said travellers are starting to feel more confident now that the global economic downturn is beginning to ease a little.

"The UK could suffer in 2010 as travellers who tried the staycation last year are keen to head overseas this year and the currency situation becomes more favourable for foreign travel," he commented.

Mr Bradley noted that eurozone destinations such as Spain are more appealing this year than in 2009 due to the more attractive exchange rate between sterling and the euro.

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'Shop around' for currency when taking holidays in Spain

Brits booking flights to Spain and taking a break at La Manga Club this year have been advised to do their homework and shop around for a good deal on foreign exchange.

According to Moneysupermarket.com, a person buying €1000 from Travelex at Heathrow Airport can expect to pay an average of £68 more than someone withdrawing euros on their debit or credit card.

Travel money expert Peter Harrison commented: "Using an appropriate product can save holidaymakers a packet and there are several different options available to savvy travellers.

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Average holiday handbag contents 'worth £1,100'

Brits have been urged to take out an adequate travel insurance policy before taking a holiday in Spain or elsewhere this year.

The warning comes after a recent survey by Sheilas' Wheels revealed that the average holidaymaker carries a handbag with contents worth £1,100.

Of those polled, eight per cent said they have credit cards with an available limit of at least £10,000 in their purse.

Furthermore, it was found that the average makeup kit is worth more than £100.

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Travel insurance 'is a must when holidaying in Spain'

Travel insurance is essential when taking a holiday in Spain or elsewhere.

This is according to Paul Thilo, vice-president of Direct Travel Insurance, who said people should view it as an vital purchase.

He noted that the cost of a good policy is very small compared to the expense involved in replacing lost luggage or paying for medical bills.

"I would advise those who are planning a holiday to consider carefully what they wish to be covered for, even if they are travelling on a shoe string," Mr Thilo commented.

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Spain is 'top holiday destination for Brits'

Spain is the most popular destination for Brits hoping to take a holiday in 2010.

According to travel site Skyscanner, it was the most searched for destination by British holidaymakers during the month of January.

Popular Spanish hotspots include Malaga, Alicante, Murcia and Madrid.

"Overall, Spain remains the most popular country for British travellers, despite fears that less favourable euro exchange rates would lead to a switch to non-euro countries," the website noted.

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Spain is 'top holiday destination for Brits'

Spain is the most popular destination for Brits hoping to take a holiday in 2010.

According to travel site Skyscanner, it was the most searched for destination by British holidaymakers during the month of January.

Popular Spanish hotspots include Malaga, Alicante, Murcia and Madrid.

"Overall, Spain remains the most popular country for British travellers, despite fears that less favourable euro exchange rates would lead to a switch to non-euro countries," the website noted.

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Brits 'positive about 2010 holiday plans'

Brits are more positive about their holiday plans for the year ahead than they were in 2009, it has been revealed.

Research carried out by travel magazine Wanderlust and the Association of British Travel Agents found that 83 per cent of people are planning to take the same number of trips or more in the year ahead than they did in 2009.

When asked the same question in May 2009, 77 per cent gave the same answer.

Furthermore, the research revealed that 81 per cent intend to spend at least the same amount of money on their holidays to Spain or elsewhere.

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'Insurance is a essential' for holidays in Spain

Brits taking holidays in Spain or elsewhere this year have been urged to buy travel insurance before leaving the UK.

According to Moneysupermarket.com, a policy for a family of four travelling to can be purchased for as little as £10.

Bob Atkinson, a travel expert at the website, said protection is essential and people should not consider leaving home without it.

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Over half of Britons 'planning holidays abroad'

More than half of British adults are hoping to take a holiday in Spain or elsewhere over the coming year, new research has revealed.

A study carried out recently by First Rate Exchange Services found that 58 per cent of people intend to jet off to warmer climes.

Londoners are the most likely to take a holiday, with 68 per cent planning to travel.

Furthermore, the survey revealed that 64 per cent of people aged between 18 and 24 are expecting to head abroad, compared to 54 per cent of 35 to 44-year-olds.

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