Brexit boosts Bulgarian Resorts

As the Brexit discussion continues, Bulgaria is already experiencing a surge in resort bookings.

Resorts in Bulgaria have seen a surge in bookings from British tourists, as families are looking for alternative holiday destinations.

The traditionally popular tourist destinations in the eurozone have become more expensive as the pound has fallen against the euro.

The banks currently give around €1.11 to the pound – a significant drop from before the Brexit referendum where 1£ bought you €1.30.

The expectations are that a no-deal scenario will result in a further drop in the value of the pound, which will make it even more expensive for the British to travel to Europe.

Bulgaria, that are a popular destination in both the summer and winter months, are seeing the benefits from the uncertainty in the pound. The Association of British Travel Agents (Abta) said there had been an increase of almost one third in the number of holiday bookings to the country this year compared with 2018.

Insecurity around the future of Brexit has also affected the British housing market, with sellers and buyers sitting tight because of the uncertainty over the future. The Royal Institution of Chartered Surveyors last month reported that the market was at its weakest level in more than six years.

Last weekend was one of the busiest periods of the year for travel agents as people sought to offset the January blues by booking a summer holiday. Travel agents reported strong sales despite the Brexit uncertainty, with travel firm Tui saying summer 2019 was ahead of last year.