Data collected by OTA Insight shows that in spite of predictions of a decline in travel across Europe from the UK after the Brexit referendum, rates in seven out of eight leading European holiday cities Europe rose significantly over the summer.
Athens saw room rates rise by 20%, Lisbon by 16%, Copenhagen by 14%, Madrid by 8%, Dubrovnik by 7% and Madrid and Paris by 3%. Nice saw a decline of 1% in rates.
The overnight international tourist arrivals in Spain this May was up almost 12% on May 2016. However, ONS figures show UK residents made 6.9 million visits abroad in July 2017, down 2%, with spending also falling by 2% at £4.5 billion. August saw the pound reach its lowest point since the vote, at an eight-year low at just over €1, and $1.28.