One in 12 adults consider ski or snowboarding break in 2018 

One in 12 adults consider ski or snowboarding break in 2018 

12 February 2018

British skiers heading off to the US, Switzerland and Canada will have more spending power than last year compared to those heading off to the slopes in the Eurozone 

Eight per cent of people in the UK are considering heading off to the slopes in 2018, according to new research (1) from Sainsbury’s Bank Travel Money. However, the research also shows that your spending power could be radically different depending on where you go compared to 12 months ago.

Looking at the most popular ski and snowboarding destinations for Britons, analysis by Sainsbury’s Bank Travel Money (2) reveals that the Pound is up 13.7% against the US Dollar compared to 12 months ago. It is also up 6.4% against the Swiss Franc and 6.7% against the Canadian Dollar.

However, Sterling is down by 2.4% against the Euro – which is the currency most British skiers and snowboarders will need to buy this year – and it is also down against currencies of cheaper ski destinations. It is 8.6% lower against the Czech Koruna and 2.4% down against the Bulgarian Lev. 

Simon Taylor, head of Travel Money at Sainsbury’s Bank, said: “As we are in the midst of the busy ski and snowboarding season, people will be thinking about what currency they need and trying to get the most for their holiday money. 

“Anyone heading off should try to plan as much as possible and shop around to secure the most attractive exchange rate. For convenience, they can order online from us or collect their travel money in one of our instore bureaux.”

Sainsbury’s Bank Travel Money offers Nectar cardholders competitive rates on all currencies online and on Euro and USD at its instore bureaux, with 0 per cent commission on foreign currency and the opportunity to collect Nectar Points (3). There are over 50 currencies available to order, with next day collection available for Euros and US Dollars and bureaux open seven days a week and with convenient parking so customers can also purchase and collect travel money whilst shopping (4). 

Customers can order currency online (5) or by telephone on 0845 301 2724 and collect from one of more than 240 travel money bureaux within Sainsbury’s stores.

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Notes to Editors
This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.

(1)Sainsbury’s Bank commissioned Opinium Research to survey 2,005 nationally representative UK adults aged 18+ between 8th to 11th December 2017. Opinium Research is a member of the British Polling Council and abides by its rules.

(2) Sainsbury’s Bank analysis of historic exchange rates 31/01/17 and 31/01/18.

(3) Nectar points may take up to 60 days to appear on your account. Customers can collect Nectar points on all instore, phone and online purchases of foreign currency. The number of Nectar points collected is based on the value of the currency transaction: 5 points are collected for transactions between £0 and £249.99; 10 points for transactions between £250 and £499.99; 20 points for transactions between £500 and £799.99 and 50 points for transactions of £800 or more. A Nectar card must be presented at the time of purchase instore, or a Nectar card number quoted online or by phone at the time of purchase. The Nectar loyalty programme is operated independently of Sainsbury's Bank by Aimia Coalition Loyalty UK Ltd; and the collection and use of points is governed by the Nectar Collector Rules, set out in the registration pack and available at www.nectar.com. Sainsbury's Bank reserves the right to alter, cancel or withdraw this offer without prior notice.

(4) Orders collected at in-store bureaux – Euros and US Dollars can be collected the next day, other currencies in 3 days.