Call for an instant quote 0345 90 80 161
Open Mon to Fri 08:30 - 19:00 | Sat 09:00 - 16:00 (GMT)
26 May 2017 08:12
Many Britons are concerned about rising holiday costs
More than a third of Britons are concerned that the cost of foreign holidays could go up on the back of rising inflation and a weakened pound.
Research from Mintel shows that 35% are worried about the impact which higher holiday costs could have.
Inflation has climbed steadily over the course of 2017, while sterling has weakened against both the euro and the US dollar since the June Brexit vote of last year.
Overall, Mintel said four in five people fear that price rises will impact goods and services in the near future.
In particular, 59% said they have concerns about the rising costs associated with grocery products.
The latest British Lifestyles report from the firm shows that as well as fearing higher holiday costs, some 26% of consumers are wary of rising clothing costs.
Travel insurance benefits
One way Britons can potentially save money during their holidays is by investing in good-quality travel insurance.
Policies can cover medical bills, lost luggage and transport delays - which could help people avoid damaging expenses while abroad.
Other key findings
Elsewhere in its report, Mintel revealed that people are less concerned about the impact of Brexit on the economy. Some 31% now believe Brexit will have a negative impact on growth, compared to 39% back in July last year.
A total of 48% of adults are worried about their ability to pay bills, while 37% are concerned about their debts.
Jack Duckett, senior consumer lifestyles analyst at Mintel, said: "Mintel research underlines particular concern about the rising cost of in-home food, and inflation is undoubtedly going to squeeze household budgets.
"However, broader consumer confidence is still relatively strong. Despite rising prices, most people still expect their finances to hold up well over the next year."
The group said consumer spending climbed at a rate of 3.7% last year, hitting £1.2 trillion overall.
04 February 2020
Bohemian boulevards and ornate opera houses await away from the Six Nations action.
[more...]
Kite Flying Day falls on 8th February. What better time is there to plan your next trip through the skies?
10 February 2020
With Ferris Wheel Day on 14th February, there's never been a better excuse to enjoy a foreign skyline.
Looking for a Valentine's getaway but want to avoid the clichés? Try one these alternative romantic destinations...
27 January 2020
With ancient architecture and marble marvels at every turn, there are plenty of reasons to get onside with our plans away from the rugby in Rome.
Squeeze some time in between the scrums for Dublin's best sights.
21 January 2020
With a certain tennis tournament underway in Melbourne, it's the perfect time to see what other fantastic attractions this city serves up.
As a new year begins we ask what it means to be a European Capital of Culture.
There's no better time to visit Rijeka, as the Croatian city celebrates European Capital of Culture status.
Plan your Irish itinerary around Galway's Capital of Culture highlights.
06 January 2020
Looking for some inspiration for your next holiday destination? Here's a list of our favourite destinations for 2020.
Get the most out of your 2020 getaway with our top holiday planning tips.