The tourism sector has never been as bad hit what with oil prices on the up, bird and swine flu outbreaks and the credit crunch. The pound has fallen to a record low against the euro and dollar and the majority financers think the Bank of England is more than happy to see this come to fruition, as GB Limited becomes more competitive.

The falling pound has benefited British exporters, the UK domestic tourist industry and encourages people to holiday in the UK. Moreover, the Bank of England has taken 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 Spain and Greece which both have a high dependency on UK tourists holidaying in their countries. Spain is currently struggling from a massive over supply of housing and the fall in the pound has only made these houses even more expensive and massive price cuts are expected to persuade investors.

The falling pound adding to the recent recession has already had a bad effect on income for companies serving the Brits venturing abroad. Airport companies, travel agents and hotels close to UK airports are all announcing reduced figures for the current year and the recent significant fall in the pound can only make 2010 even harder. All these travel prodiers will have to take clarity of these findings and you will be right in expecting to see cheaper Manchester airport parking and Manchester airport hotel parking prices.

Changing exchange rates always makes life awkward for all overseas suppliers to set costs so far in advance. They all will be conscious that they are in competition not only with local hotels but hotels in other countries who are less affected, places like Turkey who have seen a 30% increase in their business at the expense of other European countries.