Losing £££s on currency mistake and can't get out!

budgetflyer

Its a bit of a catch 22. A poor £ would help the refunds but cost you dear for any further spending on the holiday

eDicky

What you're basically asking is which way the GBP/USD exchange rate will move.

Tossing a coin will give a prediction no less accurate than any human advice available.

The best you can do is hedge the risk by refunding/exchanging some now (already) and some later.

Booking a surplus of hotels for 'random days here and there' before deciding an itinerary might be seen as a curious way to plan a trip...

John-K_3

Voyager2002 wrote: »

It would only reduce the value of the pound if currency dealers were poor economists. In the medium term a Corbyn government would be the best thing for business since Tony Blair.

Not sure if serious...

Hannah4518

eDicky wrote: »

The best you can do is hedge the risk by refunding/exchanging some now (already) and some later.

Booking a surplus of hotels for 'random days here and there' before deciding an itinerary might be seen as a curious way to plan a trip...

I have already cancelled some of the reservations, before realising the exchange rate issue. Lost around £100 to date. I feel bad about those too but I will try to see it as "hedging the risk" strategy!

The hotels I wanted sell out very quickly so I booked them all before even booking fights. But yes I am a moron..

Voyager2002

John-K wrote: »

Not sure if serious...

Yes, absolutely serious. Take a good and unbiased look at Labour economic policy, and unless you are a diehard monetarist you will see a good deal of common sense there.

jackieblack

I've often booked hotels in the USA and then changed itinerary and cancelled them, but I've very rarely ever had to pay a deposit... :huh:

Did you book through a third party website?

buglawton

Interest rates in US on the rise... the $ may yet rise against the £.

Hannah4518

jackieblack wrote: »

I've often booked hotels in the USA and then changed itinerary and cancelled them, but I've very rarely ever had to pay a deposit... :huh:

Did you book through a third party website?

Most of the hotels I booked are national park lodges with their own websites. But even on booking.com I've booked a few and surprised to see I've paid deposits. Never had that in any other country

pem

whilst you had multiple bookings for the same dates there were probably people who wanted your booked rooms but none were available due to your actions.

once before travelling to the USA I was unable to book rooms at one of my destinations as none were available, yet when I got there several rooms became available to to late cancellations.

I think these accommodations should start charging deposits to stop actions such as yours so that only definite bookings are made, rather than speculative ones.

in the UK you would probably have to have paid cancellation fees.

the American hotels must lose a lot of bookings and revenue due to the fact that people can cancel at no cost within 24 hours of arrival

Voyager2002

pem wrote: »

whilst you had multiple bookings for the same dates there were probably people who wanted your booked rooms but none were available due to your actions.

once before travelling to the USA I was unable to book rooms at one of my destinations as none were available, yet when I got there several rooms became available to to late cancellations.

I think these accommodations should start charging deposits to stop actions such as yours so that only definite bookings are made, rather than speculative ones.

in the UK you would probably have to have paid cancellation fees.

the American hotels must lose a lot of bookings and revenue due to the fact that people can cancel at no cost within 24 hours of arrival

Really rather harsh!

These businesses choose to offer free cancellation, so you cannot blame someone for using this facility.