Travel industry set for boost in spending

Saturday, 06 Jun, 2013 0

The travel industry will be the first to prosper once the British economy starts to recover, according to research by communications company Pitney Bowes.

Its survey of 1,000 British customers revealed that six out of 10 were planning to splash out on a holiday once the economy has improved.

Pitney Bowes, which provides technology solutions to companies to help them connect with customers, said 60% of those surveyed put holidays above buying new clothes, home improvements, a new car and eating out.

38% of those quizzed said they had significantly cut back on holiday spending in the past two years.

What people are planning to spend their money on when the economy picks up:

 

UK

Holidays/travel

60%

Clothes shopping

38%

DIY and Home improvements

33%

Restaurants

28%

Change of car

25%

Cinema

16%

Haircuts

15%

Theatre

12%

Shoes

11%

Live sporting events

10%

Gigs

9%

Dentist visits

8%

Gym membership

7%

Sports/Movie TV subscriptions

7%

Pension contributions

6%

Handbags

4%

Insurance

4%

Babysitter

3%

Taxis

3%

 

 



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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