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Holidaying at home saves Brits billions

Holidaying at home saves Brits billions

Category: Money

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

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 It is now over 6 months old so the content may be out of date.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."

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