News
Holidaymakers spending less to travel more
22 August 2006
New research show British holidaymakers are aiming to take more holidays.
However, to afford this they are cutting back on spending.
The average traveller will take 1.4 holidays this year spending in total £34 billion.
To afford the extra holiday, weekly travelling budgets have fallen from £303 in 2004 to £288 in 2006.
Kevin McAdam, of the Post Office, which carried out the research, said: 'Last-minute deals, budget airlines and the growth of independent travel mean low-cost holidays are more accessible than ever.
'Taking more holidays means your money has to go further so careful budgeting is essential.'
The research also showed that men were more likely to splurge on a break. One in five men budget over £400 a week, while just 13.2% of women do the same.
Those over 56 were most likely to spend the least, with a third budgeting less than £200, while from the 46 to 55-year-olds 21% planned to spend over £400 a week.
Mr McAdam added that one way to budget for a holiday was to consider annual travel insurance if many breaks are to be taken.
He said: 'UK travellers can plan their holiday spending more effectively in a number of ways. For anyone travelling more than once per year, we recommend taking out an annual travel insurance policy, which can offer significant savings when compared to single trip policies.'
© Adfero Ltd
However, to afford this they are cutting back on spending.
The average traveller will take 1.4 holidays this year spending in total £34 billion.
To afford the extra holiday, weekly travelling budgets have fallen from £303 in 2004 to £288 in 2006.
Kevin McAdam, of the Post Office, which carried out the research, said: 'Last-minute deals, budget airlines and the growth of independent travel mean low-cost holidays are more accessible than ever.
'Taking more holidays means your money has to go further so careful budgeting is essential.'
The research also showed that men were more likely to splurge on a break. One in five men budget over £400 a week, while just 13.2% of women do the same.
Those over 56 were most likely to spend the least, with a third budgeting less than £200, while from the 46 to 55-year-olds 21% planned to spend over £400 a week.
Mr McAdam added that one way to budget for a holiday was to consider annual travel insurance if many breaks are to be taken.
He said: 'UK travellers can plan their holiday spending more effectively in a number of ways. For anyone travelling more than once per year, we recommend taking out an annual travel insurance policy, which can offer significant savings when compared to single trip policies.'
© Adfero Ltd
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