Bosses changing holiday plans in recession
Monday, 04 Aug, 2009
0
Two thirds of bosses have changed their holiday plans this year because of the recession, a new study reveals.
A poll of more than 500 top executives about their plans for a summer break found that 43% will say goodbye to their holiday plans.
Of the 63% who have changed their plans, more than half (53%) admitted to cutting their holiday budget. Nearly a quarter (24%) are to stay home.
Twenty seven per cent of top executives will holiday in the UK because of the weakness of the pound, while 18% are trying new “cheaper” options like camping and caravanning.
The study also found that 47% of Britain’s bosses didn’t feel comfortable taking a holiday under current conditions, with 19% citing that their job seems more unstable and 18% saying the expenditure of a holiday was “unnecessary” at the moment.
Derek Pilcher, managing director of online recruitment firm TheLadders.co.uk, which commissioned the research, said: “Having a strong work ethic is admirable in times of economic difficulty but with commercial pressure comes great stress.
“Being able to put some distance between yourself and your office can bring greater perspective, often giving rise to great ideas and problem solving that you would never realise at your desk.
“So our message to executives both in and out of work this summer is have a break, however small. It could make all the difference to your career.”
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season