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Holidaymakers Defy Credit Crunch To Visit Gibraltar

News Posted On: 21 November 2008

Experts have suggested that holidaymakers are still choosing to travel to destinations in Europe, such as Gibraltar, despite the ongoing financial crisis - news which may encourage overseas property investors.

A recent poll conducted by Monarch airliner found that 38 per cent of respondents did not think the credit crunch was affecting their flying habits.

Some 77 per cent stated that their habits have not changed and that they are not looking to reduce the number of trips they take.

Liz Savage, managing director of Monarch's scheduled service division, said: "Year-on-year comparisons show that bookings for summer [2009] are currently 43 per cent higher than they were last November."

Monarch operates flights to Gibraltar out of Luton Airport and in September 2008, it started to run services between Manchester and the island.

This could be encouraging news to owners of rental accommodation in Gibraltar as leisure travellers are likely to want cheap housing during their breaks.

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