Holidaying at home saves Brits billions - Money - News - Moneyfacts

News

Holidaying at home saves Brits billions

Holidaying at home saves Brits billions

Category: Money

Updated: 07/04/2009
First Published: 07/04/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Britons are set to save some £3 billion this year by shunning an overseas trip and holiday at home.

Twelve million of us are planning to take our main holiday on home shores in 2009, saving on average £247 each. One in eight UK adults says they will not have a main holiday at all, according to LV=.

Almost five million who plan to enjoy a domestic break cited financial concerns as their main reason for doing so, while 13 per cent blamed unfavourable exchange rates.

Those lucky enough to be packing their bags for foreign shores expect to spend almost £730 during their break, compared with the £477 that people holidaying in the UK expect to part with.

"It's not surprising that many more people are looking to take their main holiday in the UK this year," said Emma Holyer, spokesperson.

"The sliding value of the pound, particularly compared with the euro and the US dollars, plus the overall economic climate, have made holidaymakers think twice about spending their hard-earned wages on a trip abroad."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

77% of Christmas gifts unwanted

Research from Policy Expert has revealed that while Brits spend an average of £424 on presents for friends and family, more than three quarters (77%) of these gifts may be unwanted.

New Year tips to improve children’s money skills

How many have better budgeting as their New Year’s resolution? As with many things, these skills are best learned when young, so Lemonade Money has come up with some tips to help parents make their children more financially savvy.

Money worries lead to Christmas on credit

Money worries are putting Christmas at risk for up to five million Brits, with 10% saying they regularly worry about money in the lead up to Christmas, and the same proportion feeling stressed about how much they are spending.
 
Close