You are here: Home - Insurance - News -

Brits pick medals over the Med

0
Written by:
25/07/2012
Brits have chosen to stay in the country this summer ‘to fly the flag in honour of the biggest event in sporting history', according to cashback website Quidco.

Despite several weeks of unseasonably wet weather and travel mayhem forecast across Britain’s railways and roads, Brits have defied predictions of a mass exodus and only increased holiday purchases by 9% throughout July.

Andy Oldham, Managing Director at Quidco, commented: “It’s interesting to see Brits flouting the predicted outpouring abroad this month in favour of the exciting summer of sport arriving on our doorstep.

“What’s more, despite steep costs out-pricing many consumers from the holiday market, Quidco is delighted to see our members getting even better value for money and claiming a third more cashback on their bookings this year.”

According to Quidco, Holidaymakers may be staying at home this summer to avoid the rising cost of pricey breaks abroad.

In a recent survey done by ABTA, the travel association, shows that 59% of the population said that they are looking forward to the Olympic Games, with 7% most looking forward to attending an event,.

40% are looking forward to watching events either at home, with friends or elsewhere, and one in ten most looking forward to the positive effect the Olympics will have on the general atmosphere around the country. 

Victoria Bacon, Head of Communications, ABTA said: “Our research clearly shows that most of us in the UK are really looking forward to the Olympics, whether we’ll be attending events, watching on TV or just soaking up the feel good atmosphere throughout the country.

“A lot of Britons are also taking a holiday whether that’s because they want some peace and quiet, some guaranteed sunshine or a well-earned break. Many people are also taking advantage of the strong pound and lower prices in the Eurozone.

“Numbers are fairly consistent with past years showing that whilst some have chosen to forgo a summer holiday during the games, these have been balanced by those wanting to get away.”

In spite of potential transport worries, seven out of ten Londoners are looking forward to the games, more than anyone else and they are also the

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2194179-saving-jar
Savers: check you rate regularly to get the best savings deal

Savers are being urged to continually check their rates to avoid missing out on the best deals in the market.

Close