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Eased job woes prompt holiday plans

31 October 2014 13:10

A heightened sense of job security means more Britons are planning a holiday

A heightened sense of job security means more Britons are planning a holiday

Britons are feeling more confident to plan a holiday abroad now their woes about job security have eased, a new survey suggests.

According to the Holiday Confidence Index, more people are showing positivity towards overseas travel, with m ore than half - 57% - of the 5, 017 adults polled planing an overseas trip within the next year.

This is up 3% over the year, and more than a third are even planning to take two trips abroad.

The boost in confidence seems to be attributed to a 4% rise in the number of people who feel secure in their job - with a total of 41% declaring such peace of mind. For added security, holidaymakers are advised to always secure the right travel insurance policy for when they do make it away .

The figures from the First Rate Exchange Services, the Institute of Travel & Tourism (ITT), University of Wolverhampton and YouGov further showed job confidence was at its best among 25 to 34-year-olds.

While 18 to 24-year-olds are also more optimistic about their economic outlook, older travellers remain cautious, the data shows.

The most popular destinations for a holiday include Europe and North America, with short breaks of less than six nights also seemingly pencilled in on the calendar.

Alistair Rennie, First Rate Exchange Services head of innovation and insight, said low inflation, a growing economy and improved job security all helps raise confidence among would-be holidaymakers.

But there are warnings that the outlook for the economic recovery is not as bright, and a quarter hinted that they believe rising interest rates will hit their holiday plans.

Mr Rennie pointed out the poll took place around the time of the Scottish Referendum, and coupled with the impending general election, this could have unsettled people's thoughts about the economy.