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Entry in Eurozone: Consequences for Tourists

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Travel Articles >> Locations >> Europe >> Malta

With Malta entering the Eurozone the prices of some day-to-day goods, as well as of tours for holiday-makers can rise. British tourists will be those who will suffer most from this, and it is they who constitute the biggest part of European buyers of tours to Malta. Nowadays tours to Malta are being sold very good in Great Britain because their prices, calculated on the basis of Maltese lira are lower than competing trip tickets to the Eurozone resorts, to Spain or France, for example. The experts of tourist market note that with France, Spain and Greece change over to the Euro, the cost of vacation in these countries had essentially increased, though, till the year 2002, the tours to Spain and Greece were the cheapest ones among all the European countries. During several months after Euro was introduced, the prices of everything in Greece have grown and in Spain have almost redoubled. There are warnings that Malta and Cyprus, which has also changed over to Euro can even head the list of the most expensive European resorts.

However, we should not wicker the positive example of Portugal, where the introduction of Euro didn’t actually influence the price growth, and Italy, which being one of the most expensive tourist directions before the year 2002, could slightly ‘go down in value’ and recently offers rational vacation for reasonable price. And vacation in Spain, which formerly was unbelievably cheap, is remaining now one of the most expensive in the Eurozone. If the forecasts will come true, Malta and Cyprus can become even more expensive.

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Article Submitted On: January 14, 2008