Brits cutting back on 'summer holiday spending'
Date: 19/08/2009 / Category: School holidays and working parents
Brits are cutting back on their holiday spending this summer in light of the current economic climate, new figures suggest.
More expensive holiday trips look to be put on the backburner this summer, research by Santander shows - which may impact kids' play.
Research by Santander Cards indicated that more than a quarter of Britons intend to cut back on activities and local trips during the holiday months this year.
Figures from the Office of National Statistics released last week indicate that there was a ten per cent fall in the number of people spending their money abroad this summer.
Visits to North America decreased by 15 per cent, while visits by Britons to Europe also fell in line with the average of ten per cent.
Editor of The Travel Magazine Sharron Livingston explained that taking advantage of activities in the UK is becoming increasingly popular among Brits.
"Now that the Brits have rediscovered their own country the 'staycation' may well remain popular," she said.
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