Europe 'still affordable despite exchange rates'

People planning a stag weekend away in the eurozone should not be put off by the weak value of the pound against the euro, it has been claimed.

The unfavourable exchange rate has encouraged many Brits to consider holidaying closer to home this year, but favourite stag do destinations such as Magaluf and Mallorca will not necessarily break the bank.

According to Abta - The Travel Association, hotel owners in traditional European hotspots such as Spain and Greece have made an effort to keep prices down in order to attract credit-crunched tourists from the UK.

Spokesperson for the organisation Sean Tipton said: "They've been doing their best to keep prices down to make sure that even with an unfavourable exchange rate, they haven't become incredibly expensive."

He added that many people are now opting for all-inclusive breaks when travelling overseas to avoid the effects of the exchange rate.

According to Thomas Cook's Holiday Cost of Living survey published earlier this month, prices of food and drink in locations such as Spain, Majorca and Cyprus are still cheaper than in the UK, despite the strength of the euro.