‘No vacancies’ signs go up in New York as dollar demand goes through the roof
Dollar frenzy has hit the high street with sales of the US currency now up 87 per cent on the same period last year for the Post Office®, the UK’s largest provider of foreign currency.
But UK holidaymakers hoping to cash in on the dollar crisis and book a Christmas shopping trip to the USA will have to look beyond the traditional favourite, New York, where most affordable hotels have already hung out the ‘no vacancies’ signs. New York flights are also heavily sold – with little or no availability for weekend trips.
The solution for shopaholics keen to snap up bargains Stateside, says the Post Office®, is to consider rival cities. Las Vegas, Boston, Chicago and Miami all have shops to rival New York and plenty of pre-Christmas hotel availability.
Post Office® head of travel services Helen Warburton said: “Bargain hunters with more pounds in their pockets after sterling breached the USD 2 watershed can make significant savings on iPods and Playstation 3s, designer jeans and fashion accessories just as easily in cities like Las Vegas and Boston as in New York.”
With the pound riding higher against the US dollar than at any time since 1981, the latest Post Office® data suggests that record numbers are planning to head off across the Atlantic.
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