Most Brits 'don't plan to cut holiday spending'

Despite the rising costs of food, fuel and other commodities at home, the majority of British people do not intend to cut back on their spending while abroad, according to research.

A survey by The Co-operative Bank found that 53 per cent of Brits do not plan to be more careful with money on their holidays this year, with most starting their spending before even getting on the plane.

The average traveller reportedly spends £18 at the airport, which adds up to more than £70 for a typical group embarking on a family holiday.

Food and drink are the most common airport purchases, with 84 per cent of people spending money on these, followed by books and magazines (60 per cent) and duty-free products (35 per cent).

Maxine Xodo of the Co-operative Bank said: "The findings clearly show that despite the current economic climate, after working hard all year many people are reluctant to cut back on their summer holiday spending."

One method that many holidaymakers may use to make their money go further this summer is visiting locations outside Europe, given the current strength of the euro against the pound.

The Association of British Travel Agents recently revealed that the destination to see the biggest growth in bookings this summer is Egypt, followed by Turkey and the USA.

Posted by Merv, 23 July 2008 15:53

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