The pound may have lost strength against the euro but Spain will always be a popular destination, it has been suggested.
According to the Travel Trade Gazette, Spanish hotspots such as the Costa Blanca and Costa de la Luz are proving particularly popular, with holiday firm Superbreak reporting year-on-year increases in bookings.
The availability of cheap flights to Spain is also likely to help the destination through the credit crunch.
Speaking recently, Ignacio Vasallo, director of the Spanish Tourist Office, said there are some excellent deals available on holidays to Spain.
The amount of luggage being misplaced by airlines has reached a record high.
According to the Air Transport Users' Council (AUC), over a million bags were lost in 2007.
The AUC has also suggested that those losing their bags on flights to Spain and other places are not being sufficiently compensated.
Some budget airlines offer passengers as little as £15, regardless of how long their items are misplaced.
An increasing number of British holidaymakers are choosing to order their currency online, it has been claimed.
According to online currency provider FairFX, those taking holidays in Spain and other overseas destinations are spending longer comparing exchange rates and shopping around for the best deals.
Stephen Heath, chief executive of the company, said that in boom times people were less concerned when buying currency; however, that has all changed with the onset of the recession.
"We are having a record start to the year and it seems that more and more people are using the internet to deal with their travel money needs in advance, before they go away," he added.
Passengers taking flights to Spain and other destinations have been invited to submit their own revenue-raising ideas in a new competition launched by Ryanair.
Following Ryanair boss Michael O'Leary's comments indicating that customers may have to pay to use the toilet in the future, the airline is asking people to make their own wacky and original suggestions, with a prize of 1,000 euros up for grabs.
Some of the ideas which have already been entered include charging one euro to use the oxygen masks.
Ryanair spokesman Stephen McNamara said the airline planned to continue introducing charges in order to keep its fares low and to give passengers more choice.
Those taking holidays in Spain this year must remember to wait until they get back to their hotel before shampooing their hair or face a hefty charge.
In a bid to ensure that the beaches of Alicante remain as clean and attractive as possible, officials have announced plans to ban holidaymakers from using shampoos and gels when using beach showers.
Restrictions already apply on some beaches where the consumption of alcohol and ball games are concerned, Typically Spanish reports.
Pet owners who do not clean up after their animals also face fines, as well as those who leave beer bottles in the streets.
For a relaxing break in stylish and elegant surroundings, holidaymakers would be hard-pushed to find anywhere that can compare to Spain's La Manga Club resort.
Situated in Murcia, the resort basks in sunshine throughout the year and is home to a staggering range of facilities.
As well as playing golf and enjoying water sports, guests can also unwind and indulge in some pampering at La Manga's luxury health spa.
Several treatment packages are on offer and guests can enjoy everything from Hawaiian massages to anti-ageing facials.
Spain still represents fantastic value for money, it has been claimed.
The pound may have taken a hammering against the euro but, according to Ignacio Vasallo, director of the Spanish Tourist Office, there are still some excellent deals to be had.
He told the Travel Trade Gazette that there is a holiday to suit everyone in Spain.
"Spanish Costas cater for all tourists because we have such an extensive range of hotels, resorts and developments: from package breaks and good value holidays, to the luxury, five-star and individual boutique properties," he commented.
As well as soaking up some sunshine, those taking holidays in Spain will also find plenty of culture to soak up.
Speaking recently to the Travel Trade Gazette, Ignacio Vasallo, director of the Spanish Tourist Office, said that although many people are planning to holiday in the UK this year, they should remember how much there is to be gained from a trip overseas.
"Taking your children to a different country, and showing them a new culture, people, food, way of life and environment, is a fantastic opportunity for them and an unforgettable experience," he commented.
In addition, he pointed out that holidays in the UK do not guarantee sunshine and could end up being a washout.
Getting married overseas is an excellent option for couples during the credit crunch, it has been suggested.
Speaking recently, Nick Gropper, managing director at Weddings and Honeymoons Abroad, said that getting married overseas in a destination such as Spain can be a much cheaper alternative to tying the knot in the UK.
"Getting married in the UK costs round about £20,000 whereas when you get married abroad, the average cost is about £4,000 so couples can still get married during a time when there is not much money floating around," he commented.
According to research published recently by Mintel, 16 per cent of Brits now get married abroad, with numbers increasing by 43 per cent since 2003.
People looking to save money on their holidays in Spain should avoid buying currency at the airport, it has been claimed.
According to foreign exchange specialist FairFX, those ordering money online could save nine per cent, compared to travellers changing their money at Heathrow Airport.
It was revealed last week that foreign exchange desks at Heathrow were selling one pound sterling for less than one euro, following the base rate cut and introduction of quantitative easing.
Stephen Heath, chief executive of FairFX, said that holidaymakers will get more bang for their buck by avoiding airports.