Financial Times FT.com

Boom signals take-off for Venezuela’s jet-set

By Benedict Mander in Caracas

Published: August 23 2007 22:36 | Last updated: August 23 2007 22:36

From a wealth of picture-postcard Caribbean beaches to the magnificent table-top mountains that inspired Sir Arthur Conan Doyle’s The Lost World, Venezuelans have no shortage of domestic holiday destinations to choose from.

However, surging oil wealth and the restrictions of a dollar-pegged, overvalued currency are driving unprecedented numbers of Venezuelans to travel overseas on holiday, with the number of international flights jumping 45 per cent last month over the previous year.

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