Home Business News Consumers cut back on ‘holiday spending’

Consumers cut back on ‘holiday spending’

by LLB Reporter
8th Oct 19 11:20 am

According to a new survey, consumers are cutting back on how much they spend on short holiday trips.

In a poll commissioned by Abta people have cut back by £98 for the year compared to 2017 and there has been a fall in people booking UK breaks. Those who book longer foreign holidays is down by £94 for the same period.

Almost 19% said they have left it late to book a holiday as 33% people said they wanted to try and secure a cheaper deal while 22% booked earlier.

This is good news for the travel industry as almost one in nine said they are taking a holiday in 2019.

Abta chief executive Mark Tanzer said, “The British public’s appetite for taking holidays has continued unabated in the past 12 months.

“This has partly been due to the wide variety of excellent value-for-money options available this year, and also because holidays are a priority when it comes to discretionary spend.

“Rather than cutting back on the number of holidays, people are looking to save money in their holiday budget in other ways – spending less before and while they’re away and changing when they book to find better deals.

“With seven in 10 people planning a trip abroad in the year ahead, it’s clear that holidays are set to remain a spending priority.”

The survey taken by Abta surveyed 2,043 UK consumers.

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