So the public has voted and we are leaving Europe.
It is hardly 48 hours since we voted to leave the EEC and already people are running around like headless chickens, however, It is inevitable that people will wonder how it will effect this years and future tours.
To be honest I do not know. The one factor that affects us the most is the same as it always has been, that is the rate of exchange between Sterling and the Euro/Dollars.
To avoid this, we have always forward bought the majority of our currency requirements for the year; however should we require to buy more and it is at a rate much lower than previously then we will implement conditions as per our booking terms.
Circumstances beyond our control may dictate an increase in the cost of your tour. Any increase less than 2% of the published price will be absorbed within the original price - any increase over 2% we may need to add to the final invoice.
Thankfully we have only ever done this once in 20 years and so we are hopeful that it will not be necessary.
For those of you who are already booked on this year’s tours then obviously you will get less for your pound, petrol, drinks and meals will cost a little more, but really I hardly think it is going to spoil your holiday.
Despite all the scare mongering, I can see no difference in Passports, EHIC cards or border controls for the foreseeable future.
Going forward, next year’s tour costs will as every year be directly related to the exchange rate. We will continue to give the best value for money, but have no intention of reducing the quality of our tours and especially accommodation.
Of course currency moves both ways and once the dust has settled the pound can easily rise back to or improve on previous levels – only time will tell.