Cost-of-living hike not impacting overseas holiday plans
The number of Britons planning an overseas summer holiday has nearly doubled in a year – rising from 34% to 64% in 12-months
According to new tracking research from AllClear Travel Insurance demand for travel abroad is set to rise steeply in the months ahead.
As an integral part of its research that tracks travel trends over time, AllClear asked a representative sample of 2,016 adults about their overseas holiday plans for this summer, comparing results to a similar survey last year.
The results are the strongest indication yet of just how much traveller confidence has returned.
Relaxing in the sun is top of the list for holidays this summer – with twice as many people this year wanting a relaxing beach holiday abroad.
Travel demand for the summer period is also strong among older travellers, with 46% of over 65-year-olds planning a holiday abroad this summer – up from 33% last year.
AllClear’s research finds demand for overseas travel has not yet been seriously hit by recent cost-of-living hikes.
Whilst 87% of people surveyed said they would be making cutbacks, holidays were not first in line for attention.
Chris Rolland, CEO at AllClear said: “Cost of living hikes are yet another challenge but our research suggests that, for three in four people, holiday plans don’t appear to be in-line for cut backs.”
“For many the wait for a decent holiday has been too long – they now just want to get away for that much-needed break.”
Ray Monty
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