The fall in the value of the Pound against the Euro, US Dollar and a host of other currencies since 23rd June, 2016 means that Maestro will be forced to charge a currency surcharge for the first time on our overseas holidays for the remainder of this year (and for Berlin in April 2017 which is already on sale).
If you have already booked with us we are writing to you this week to explain the likely position. If you are thinking of booking you will note that holidays on our website have had the costs updated to indicate the cost at the current rate of €1.18/£1. If we see a recovery in the value of Sterling at the date that your holiday balance is due then of course these savings will be reflected in your final balance letter.
Under the 'Package Travel Directive' Maestro are responsible for absorbing the first 2% of any increased costs and if the surcharge exceeds 10% you have the right to cancel your holiday. At this time we don't envisage reaching anything like the 10% figure.
Our new programme of holidays for 2017 onwards which will be published shortly will be costed at the current rates of exchange and are therefore unlikely to be effected.
If you have any concerns or questions please don't hesitate to call us.
