Last updated at 12:30 PM on 10th October 2011
Bargain-hunting holidaymakers are shopping for deals in European destinations hit by the financial crisis, according to a new report.
While Greece, Italy, Ireland, Portugal and Spain are experiencing record economic woes, their tourism industries are feeling a boom.
Hotels.com reported an 85 per cent rise in searches for hotels in Spain during the June to September holiday season, compared to the same period last year.
Budget-conscious: Cash-strapped countries may offer holiday deals
Searches for hotels in Portugal increased by 80 per cent. Greece, Italy and Ireland also experienced increases by 78 per cent, 72 per cent and 50 per cent respectively.
The capitals of these debt-ridden countries saw significant surges, with Madrid leading the pack with a 67 per cent increase.
It seems that savvy UK travellers are shopping around and targeting those destinations affected by the euro crisis in the hope of bagging a bargain.
A spokeswoman for Hotels.com said: ‘There are undoubtedly some good deals on hotel rooms at the moment and this applies to the eurozone as much as anywhere else.
‘Hoteliers in some of the affected
countries have cut their room rates to attract visitors because demand
has slumped as domestic consumers tighten their belts.’
Backlash: New protests in Greece have led to cancelled flights
The bargains may come at a cost though, as the backlash from public-sector workers reacting to austerity measures has led to havoc for some services in these countries.
This week, a public transport strike in Athens against government austerity plans is triggering traffic delays in Athens.
This is the latest in a series of strikes to hit the economically-challenged country, including a 24-hour national strike last Thursday that saw flights grounded and people rioting in the streets of the capital.
British Airways, easyJet and Ryanair cancelled flights, while tourist sites were closed and trains and ferries were halted.
Print this article
Email to a friend