People who have already paid for holidays could face extra charges due to the falling pound

Composite image of people sinking into the sea on the beach in Benidorm, Spain, with bags of coins

People planning package holidays could be in for a nasty surprise (Picture: Getty)

If you’ve managed to snag an inexpensive trip for some winter sun, then we’re very jealous.

But secondly – maybe it won’t be quite as cheap as you thought.

Holidaymakers have been warned that even though they have already paid for their trip, they could be hit with additional fees as the pound depreciates against currencies like the euro and dollar.

Many companies are including in their terms and conditions that customers may have to pay part of the difference if the exchange rate becomes unfavorable to Britons, the Independent reports.

They said that in practice this usually accounts for only up to 8% of the cost, as customers then have the right to demand a full refund, which is often even more expensive for the operator.

But it could still result in people being stung by £1,000 for an extra £80 on a bank holiday.

View of Playa de Morro Jable beach with palm trees and green vegetation, hotels and a lighthouse on the Canary Island of Fuerteventura, Spain.

You’re unlikely to be asked to pay more than 8% for your holiday (Picture: Getty)

To require this, operators must prove they were left out of pocket by having to pay extra for things in a foreign currency, such as kerosene bought in dollars.

Tour operators affiliated with travel association Abta have also agreed to cover the first 2% of the cost increase – meaning you’ll likely only be charged between 2% and 8% of the trip.

This probably doesn’t apply to someone who has only bought flights, especially if they were bought directly from the airline.

If additional taxes or airport fees for flights are collected after your payment, this may be an exception.

Or if you bought the flight through a third party and they delayed the actual purchase of the flight from the airline, you may be asked for more.

But in general there is a risk with package tours.

Under the Package Travel Regulations 2018, customers may be asked to pay more where this is included as an option in the terms and conditions AND if asked for the extra money more than 20 days before travel.

So if you are leaving next week and have not been asked for an extra, you are safe.

But don’t forget that once you arrive you may still have to pay more for things like shopping, drinks and dinner if the pound has fallen against the local currency.

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Justin Scacco

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