Sarah is our insurance specialist, reporting the latest important developments in the industry.
Brits are increasingly opting for all-inclusive, package holidays, to enable them to keep costs down, new figures show.
The destinations popular for holidaymakers seeking a cost effective package deal include Mexico and Turkey, both of which have climbed up the chart of holiday hot spots this year.
Currency sales for the Mexican Peso in the first quarter of 2011 increased by 168 percent since the same period last year, American Express research revealed.
This has seen Mexico climb up the currency index to sixth place, causing other holiday hot spots such as United Arab Emirates, New Zealand and Thailand move down.
Turkey was also found to be a popular choice for travellers this year, climbing three places in the top selling currencies chart to fifth place, as it saw an increase in volume sales of 115 percent compared to the first quarter of 2010.
"The ‘all-inclusive' holiday trend has increased in recent years as holidaymakers, especially families, like to plan their spend ahead of time,” said Terry Perrin, American Express spokesperson.
"Locations like Turkey and Mexico offer the best of both worlds for a lot of Britons.”
"As we have entered the longest Bank Holiday season in the UK for nearly ten years, we expect to see an increase in searches for mini-breaks in the coming weeks,” commented Annie Wilson, KAYAK, travel search site, country manager.
Holidaymakers looking to hire a car while abroad are also urged to plan this in advance, as research shows there are some competitive deals currently on the market.
Premiums on car hire insurance policies bought directly from the insurers have fallen by about 20 percent since last year, a money expert claims.
Customers are also urged to consider the benefits of annual car hire insurance, as the rates can save holidaymakers money if they are planning on taking more than one holiday a year.
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