You are here: Home - Household Bills - News -

UK consumers favour minibreaks, but underestimate cost

0
Written by:
03/08/2015
Minibreaks are holidaymakers’ trips of choice this year, as consumers overwhelmingly favour getaways of five days or less over longer holidays, according to research.

The findings from American Express suggest that this year, 61 per cent of holidaymakers have taken at least one short break in the UK, with 32 per cent heading further afield to Europe. Some 46 per cent of those interviewed said they will spend more than five days away from home on holiday this year.

The poll found 31 per cent of those who head off on a shorter getaway do so because minibreaks feel more spontaneous, don’t take so much planning and cost less than longer holidays.

However, despite thinking shorter getaways are more budget-friendly, holiday costs can soon mount up with Britons spending an estimated £431 each on travel, accommodation, food and drink. Furthermore, 24 per cent admit to getting carried away and spending beyond their budget on holiday extras such as day trips, excursions and gifts.

Experiencing local culture is top of the agenda for mini-breakers. The two top activities on to-do lists are trying the local cuisine (38 per cent) and seeing as much as possible of the surrounding area by foot or public transport (33 per cent). People are prepared to spend significant amounts on these activities, spending an average of £131 on food and drink and over £100 per person on getting out and about.

The average cost of common minibreak expenditures:

Activity Cost
Accommodation £172
Food and drink £131
Flights/ travel to destination £128
Shopping £92
Tickets for activities, exhibitions, events, museums £72
Excursions £64
Local transport £63
Gifts for others £55
Treats e.g. spa £51
Tipping £50
Source: American Express

Related Posts

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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

Read previous post:
underpeforming funds
Savers have £17bn in ‘dog’ funds but number of serial underperformers falls

The number of serially underperforming funds has fallen significantly – but UK investors still hold a total of £17.6bn in underachieving...

Close