Most people in UK booking holidays despite lack of faith in economy, figures show

Confidence to book overseas trips is at the highest level in three years with the majority of people (54%) planning a holiday abroad in the next 12 months, a study found.

Most people in UK booking holidays despite lack of faith in economy, figures show

Demand for holidays in the UK is growing despite plummeting faith in the economy, according to new research.

Confidence to book overseas trips is at the highest level in three years with the majority of people (54%) planning a holiday abroad in the next 12 months, a study found.

This is despite fewer than one in five (19%) expecting the economy to grow in the coming year, down from 33% in 2016.

Over a third (35%) of people do not expect their finances to improve over the same period, compared with 29% a year ago.

Some 5,293 UK adults were surveyed for the annual Holiday Confidence Index by First Rate Exchange Services.

The research revealed that 44% of those intending to travel overseas next year have already booked their first holiday, while 22% have even confirmed a second trip.

Meanwhile, the proportion who believe all-inclusive holidays are a good way of controlling costs has fallen from 53% last year to 47% in the latest analysis.

Liam Hodge, head of insight at First Rate Exchange Services, said: "It came as a surprise to find that significantly fewer holidaymakers believe an all-inclusive holiday will help them keep their costs down.

"However, we know from other research studies that holidaymakers often spend a lot more on top of their all-inclusive packages than they expected.

"If that has been their experience this summer, particularly with the weak pound raising the cost of any additional expenditure, then perceptions of the value associated with all-inclusive packages may have changed."

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited