The tourism sector has never been as bad hit what with oil prices rising, bird and swine flu outbreaks and the credit crunch. The pound has fallen to an all time low against the euro and dollar and the majority economists think the Bank of England is quite at ease to see this happen, as GB Limited becomes more competitive.

The falling pound has the benefit of helping British export traders, the UK domestic tourist industry and which means more people choose a holiday at home. Moreover, the Bank of England has adopted a very even stance over this fall and has more or less admitted this is no bad thing for the country.

Countries earmarked to be the hardest hit are Greece and Spain which both are highly dependant on the money UK tourism brings. Spain is already struggling from a massive over supply of housing and the fall in the pound has only made these houses even more pricey and huge price falls are expected to encourage investors.

The fall of the pound adding to the recent recession has already had a bad effect on income for companies providing travel services for the UK. Airport companies, travel agents and hotels close to UK airports are all announcing low figures for the current year and because of the fall of the pound 2010 will only get tougher. All these companies must have to take account of these factors and you can well expect to see cheaper East Midlands airport parking and East Midlands hotel parking prices.

Changing exchange rates always makes life hard for all foreign holiday companies to state costs so far in to the future. They all will be aware that they are in competition not only with local hotels but hotels in other parts of the world who are less affected, places like Turkey who have seen a stedy increase in business at the expense of other European countries.