Monday 28 April 2014

Great News! How Much Brits Spend On Holidays Is Set To Fall!



If you think that cheap holidays are a myth then we highly recommend reading on, as this blog will look into the results of the TripBarometer, which suggests that us Brits will start to pay less when planning to escape somewhere hot!

TripBarometer

The TripBarometer is the largest accommodation and traveller survey in the world, which is carried out by TripAdvisor on a biannual basis. The survey looks into country, regional and global travel trends, with the help of 61, 000 holidaymakers around the world, with over 5000 helpers from the UK alone. The results highlight any changes that have occurred in consumer spending plans and travel patterns worldwide. The TripBarometer also explores if there has been behavioural difference in travel planning and booking, taking into account respondents age and lifestyle. So, does this mean that 2014 is a good year to find and book great value cheap holidays?

Budgets to drop

Yes! 2014 is set to be a good year for great value cheap holidays! After the study was carried out, what was revealed was that household holiday budgets for Brits are set to decrease by a staggering 7% when compared with the stats from the 2013 survey. Bet your jumping for joy now and eager to start looking for your dream holiday?!

In 2013, when the average yearly budget for holidays (with British holidaymakers in mind) was calculated in 2014 it was around £5, 831. However, for 2014 the budget dropped to £5, 016, which is a decrease of over £500! So the argument that cheap holidays are a myth and impossible to find has been proven wrong! 

These stats are a breath of fresh air for us in the UK as we are the world’s biggest spenders when it comes to holidays! This comes as no surprise, seeing as many of us lead hectic and busy lifestyles, meaning that any chance we get to escape and relax we tend to grab. Now, more of us Brits will be able to afford a holiday!

Prepared!

What is also interesting to learn is that travellers from the UK have been found to be the most prepared when it comes to booking holidays. At least a fifth of those who took the survey, which is 22%, said that they book holidays at least 7 months in advance. This was more than any other nation. 

“Exploration is back on the agenda in 2014, with more travellers planning international trips this year,” said Marc Charron, President, TripAdvisor for Business. “The TripBarometer study provides valuable insights for hospitality businesses looking to attract new audiences. Travellers are upping their budgets but they are looking for bargains, expecting their accommodation of choice to deliver on value. Special offers, complimentary amenities and exceptional service are all going to be important factors in swaying potential guests.”


So what are you waiting for? Hop on to an online centre for discount holidays and you will have thousands of cheap holidays at your fingertips!


(Picture courtesy of Jet Lag Manifesto)

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