P528 Teletext 528 Jan 2 00:11:10    ——————————————————————————————  EURO BENEFITS THE TRAVELLER When the euro arrives on January 1 — at least in electronic form — regular travellers will be among the first users. The most obvious immediate changes will be the increased transparency of fares and prices. Simon Phillips, head of European retail operations at Travelex, says there will be reductions in commission rates and fewer bureaux de change. ——————————————————————————————————1/7—— by Rachael Jolley SET SAIL FOR H0LIDAYS p200 ITV Press file Take stock Savings Holiday £
P528 Teletext 528 Jan 2 00:11:01    ——————————————————————————————  EURO BENEFITS THE TRAVELLER As the eurozone wipes out the cash of 11 countries and replaces them with just one, bureaux de change will see less business. The net result is likely to be the closure of their smaller branches in both the UK and the eurozone over the next two to three years. It might become even more difficult to find a bureaux when you nbed one, especially in the high street. ——————————————————————————————————2/7—— How many francs to the pound? 548 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Press file Take stock Savings Holiday £
P528 Teletext 528 Jan 2 00:11:00    ——————————————————————————————  EURO BENEFITS THE TRAVELLER Commission on exchanges of sterling to euro is likely to be lower than current rates, says Travelex. It says storing one currency instead of 11 in the eurozone will save bureaux de change money and this will lead to cuts in commission. Travellers will have less reason to use bureaux once the euro cash is in use by 2002. Many travellers may choose to use euro even during the transition. ——————————————————————————————————3/7—— What the euro future holds 521 IT'S YOUR LIFE! p410 Press file T—ke stock Savings Holiday £
P528 Teletext 528 Jan 2 00:10:00    ——————————————————————————————  EURO BENEFITS THE TRAVELLER Euro travellers cheques are expected to become accepted instead of cash in restaurants and cafes, as they are in the US, during the next three years. Martin Lloyd of agent P&O Travel says this will increase the trend of people relying on credit cards and cashpoint machines when abroad. "I think it is going to make it a lot easier, a lot more convenient because eventually people won't change mon—y." ——————————————————————————————————4/7—— Sound of sweet tax harmony? 524 SET SAIL FOR H0LIDAYS p200 ITV Press file Take stock Savings Holiday £
P528 Teletext 528 Jan 2 00:00:11    ——————————————————————————————  EURO BENEFITS THE TRAVELLER Business travellers are highly positive about using the euro, according to a survey by American Express. And companies are likely to push them towards using the euro - expense accounting in one currency is qasier than dealing with many different ones/ Maria Lilja of Amex says: "Business travellers can lose out personally when making expense claims by overlooking exchange costs." ——————————————————————————————————5/7—— Snow reports see ITV 524/525/526 CHECK OUT THE BEST SAVINGS RATE p526 Press file Take stock Savings Holiday £
P528 Teletext 528 Jan 2 00:00:05    ——————————————————————————————  EURO BENEFITS THE TRAVELLER Thomas Cook figures in the report: EMU And The Travel Industry, show a major inconsistency inP—jrline prices depending on departure point. The FT Retail and Leisure Report says the euro will concentrate the spotlight on airline practises that kept prices higher in some European locations. Business class fares from the UK are consistently higher — up to 25% — than from other countries such asPDtaly. ——————————————————————————————————6/7—— UK companies in Euroland 525 HOLIDAY INDEX p200 ITV Press file Take stock Savings Holiday £
P528 Teletext 528 Jan 2 00:10:11    ——————————————————————————————  EURO BENEFITS THE TRAVELLER Regular travellers abroad may consider opening a euro bank account in the eurozone during the transition period. While the UK does not join the euro they will be taking a risk on exchange rates against sterling. But one benefit could be drawing euro without suffering commission around the zone, during their travels. The challenge is to find a pan European bank. ——————————————————————————————————7/7—— Snow reports see ITV 524/525/526 HOLIDAY INDEX p200 ITV Press file Take stock Savings Holiday £