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The credit crunch is set to lead to an increase in travel to European destinations as people opt to stay closer to home, according to TravelMole.

The financial uncertainty created by the credit crunch is likely to lead to an increase in interest in European destinations, according to the managing director of news provider TravelMole.

Graham McKenzie said that, if the credit crunch takes as heavy a toll on finances as it is expected to, travellers will think carefully before making decisions on long-haul trips.

'I think European destinations will be the winners in all of this in the next 18 months,' he commented.

However, Mr McKenzie also stressed that long-haul travel will still prove relatively popular, particularly when special offers become available to destinations such as the United States.

'There are offers that are particularly good value in terms of going over to the States, with more competition on the transatlantic flights…and most of the long-haul transatlantic suppliers doing deals at the moment,' he said.

Opodo.co.uk recently published a list of 12 holiday locations that are likely to prove popular in 2009, which included destinations ranging from Berlin and Istanbul to Orlando and Hong Kong.

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