Local Euro MP Brian Simpson has warned that foreign holidays will cost consumers more next year as higher fuel prices and a strong Euro takes their toll.  Mr Simpson, Labour’s Transport & Tourism spokesman in the European Parliament believes some holidays could cost a whacking 25% more, leading to a downturn in the package travel industry.

“In some respect, this year’s holiday costs have been sheltered from the economic downturn because travel companies plan at least one year in advance.  Now is the time to start planning the 2009 prices, which means reflecting both the cost of oil and the stronger Euro.” Said Mr Simpson.

Any downturn could badly affect the Travel Industry in the North West, particularly in the area of package holidays, as consumers look for cheaper holidays, or look to their own on line alternatives.

“Next year is going to be very tough for both the holiday companies and the consumer as the downturn begins to bite.  Shopping around for bargains may be the best bet, but I do fear prices will be significantly higher unless something spectacular happens with world oil prices” commented Mr Simpson.

Tourism is the largest industry within the EU with many of the Mediterranean countries reliant on its income for their national economy.  The world economic slowdown could affect these countries badly if visitor numbers are significantly reduced” concluded the MEP