Leftist SYRIZA’s victory in the Greek general elections could mean “cheaper holidays, fewer strikes and improved ferry services” due to a weakened euro, says an article published today by the UK’s Telegraph.
Telegraph digital travel editor Oliver Smith argues that the euro’s plunge to a seven-year low of €1.34 against the British pound — all in the wake of the Greek elections — is good news for travelers, as it means lower prices for tourists currently in Greece or in other EZ countries.
According to Noel Josephides, chairman of a British travel association and managing director of Greek specialists Sunvil Holidays, trips to the east Mediterranean can only get cheaper.
“Tour operators are tied in when it comes to both currency and fuel, so booking late and independently could be cheaper,” Josephides told the Telegraph, noting however, that “it’s difficult to tell and probably depends more on supply and demand. If the demand is high, then hotel prices are unlikely to fall – and certainly not in honey-pot destinations like Mykonos or Santorini.”
With regard to Grexit rumors that, the article notes that few believe that Greece will leave the euro zone any time soon. “It would be a long, drawn-out process which would take months of political wrangling – therefore, highly unlikely before this summer,” said Nick Trend, Telegraph Travel Consumer Editor.
