Call for an instant quote
0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
12 March 2015 09:32
UK households are spending more on hotels and eating out
Britons are spending more of their money on staying in hotels, drinking in bars and eating out, whether they are on holiday or not, a new study shows.
According to Visa Europe's UK Expenditure Index, the amount of money families and households spent on activities like these in February was 9% higher than it was 12 months ago.
Another important expense people should factor in when going on holiday is travel insurance, in case they become ill or are injured abroad.
The index looks at a wide variety of categories of spending, and the largest increase among them related to the cash spent in hotels, bars and restaurants.
February also saw a 1.1% lift in spending on recreational and cultural activities, the first annual increase for six months.
There were also sizeable increases in expenditure on other categories between last month and a year ago, including household goods (3.6%), food, drink and tobacco (2.7%), and transport and communication (0.8%).
The share of transactions made online rose annually for the first time in four months in February.
People spent 0.8% more money over the internet last month than they did a year ago.
However, face-to-face spending also rose in both January and February compared to 2014, with 1.5% extra business done last month.
Visa Europe's report suggests falling inflation has led to more spending at the start of 2015, as people have more money in their pockets.
Inflation fell to a new record low in January thanks to supermarket price wars and the low cost of oil, according to the Office for National Statistics.
In December, the Consumer Prices Index was at 0.5% but it fell to 0.3% in January, and some experts predict that Britain could see a period of deflation before the figure heads upwards again.
21 October 2016
A union is warning of travel chaos over the Christmas period at four major UK airports, unless a baggage carrier transfers staff to other companies.
20 October 2016
Thousands of passengers faced travel chaos yesterday after rail service through the Channel Tunnel was suspended because of a power failure.
19 October 2016
People planning holidays from Gatwick Airport in the run up to Christmas could face travel chaos as unions threaten to strike over a pension dispute.
18 October 2016
Eurostar has said it will cut 12 services from London St Pancras to Paris and Brussels.
15 October 2016
Tourists in Thailand are being advised to "behave respectfully" and wear "sombre" clothing as the country mourns King Bhumibol Adulyadej.
14 October 2016
Holidaymakers are being warned to buy currency in advance as exchange rates being offered are as little as 0.96 euro to the pound at airports.
13 October 2016
Scientists say there is strong evidence air pollution and vitamin D deficiency can cause dementia.
12 October 2016
More people are going on holiday than at any time in the past five years despite terror attacks and the impact of Brexit, according to a study.
11 October 2016
People from across North Carolina had to be rescued from their homes as the downgraded Hurricane Matthew blew out to sea - leaving a trail of destruction in its wake.
04 October 2016
People travelling abroad is on the rise, according to the World Tourism Organisation (UNWTO)
08 October 2016
A hurricane pelting the coast of Florida and described as a 'monster' by a local official has brought chaos to the state, with flights cancelled, homes evacuated and theme parks shut.
07 October 2016
Low-cost airline easyJet says its profits will nosedive as terrorist attacks and air traffic control strikes are taking their toll on the company.