You are here: Home - Household Bills - News -

Brits to spend £41bn on holidays abroad in 2022

0
Written by:
25/10/2021
Half of Brits are planning a holiday abroad next year, with £41bn expected to be spent on international trips.

That’s according to the findings of a survey of 2,000 people by American Express, which found a quarter of people have not left the UK at all during the pandemic.

According to the poll, people expect to shell out £1,567 on average on their holiday, with a fifth (21 per cent) planning to spend £2,000 or more.

Over a quarter (27 per cent) plan to spend more this year than on their holiday last year. Half of those (48 per cent) say they are spending more because they have missed travelling abroad, while 29 per cent want to treat themselves.

In total £41.2bn is expected to be spent on overseas trips next year.

Respondents said the main reason for booking a trip abroad was they missed travelling internationally (32 per cent), while 21 per cent said they would be celebrating occasions they weren’t able to because of the pandemic.

Some 16 per cent said they wanted to take advantage of airline and accommodation offers.

Spain tops the destination list with a fifth (21 per cent) planning a trip there, followed by Greece (14 per cent), France (13 per cent) and Italy (13 per cent).

Some have set their sights further afield, with 6 per looking to go to the Caribbean and 4 per cent wanting to head to China.

From today, fully vaccinated travellers returning to England from a non red-list country can take a cheaper lateral flow test from a government-approved provider rather than a PCR.

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.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week