British tourists set to spend millions down under

British tourists continue to head to Australia in their droves each year and they are only too willing to splash their overseas travel money during their stay.

A new study conducted by Visa Europe has indicated that people from the UK spent in the region of £517 million ($774 million) down under in 2011 and this figure is expected to rise this year.

It seems that many holidaymakers heading for the southern hemisphere will be carrying a travel money card with them, as a separate study undertaken by the plastic provider found that debit card transactions have outweighed cash payments in Britain since 2010.

Many British travellers are also thinking about putting off their 2012 holiday until September, as they are keen to stay at home in order to celebrate some very high-profile events.

Indeed, the Queen will mark her Diamond Jubilee in June, while the Olympic Games will be held in London in July and August.

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