Fewer European holidays due to falling pound

23 August 2016 08:12

The survey suggests those who plan on vacationing more than staycationing over the next two years want to visit mainland Europe while Brexit terms are being negotiated.

The survey suggests those who plan on vacationing more than staycationing over the next two years want to visit mainland Europe while Brexit terms are being negotiated.

New research reveals Britons saying they are now planning to holiday less in Europe post-Brexit, admit their decision is affected by the weakening of Sterling.

A YouGov survey, commissioned by the global hotel chain, Millennium Hotels and Resorts, finds this was the case for 66% of Brits who say they are now planning to travel to Europe less.

Around 82% of millennials (aged 18-34) say that their decision to travel less in Europe is affected by the weak pound, compared with 59% of non-millennials.

The survey also suggests that those who plan on going abroad rather than staycationing over the next two years want to do so to make the most of mainland Europe while Brexit terms are being negotiated.

Fears about visiting Europe

Of those who changed their plans to stay in the UK, 6% of non-millennials were concerned about terrorism on the continent compared with 4% of non-millennials.

More non-millennials (4%) than millennials (2%) were concerned about animosity towards Brits on mainland Europe.

Nayan Peshkar, senior vice president of digital, distribution and revenue strategy at Millennium Hotels and Resorts, says: "The decision to leave the EU has evidently affected people's travel plans and has naturally led to some fresh concerns about holidaying. From wanting to make the most of Europe while we're still a part of it, to embracing the British staycation, our survey has revealed a significant shift in attitude among a lot of the British public.

"We've always striven to do everything we can to understand travel and tourism trends, so it seemed natural to see what effects the recent and momentous events in this country have had on these."

Holidays to Europe now unaffordable for some families

Britain may still be part of the EU but Brexit is already pushing up the price of a family holiday.

Britain's decision to leave the EU and the falling value of the pound means the cost of a typical family holiday to Europe has risen by £300, the Liberal Democrats say.

The party says the cost has soared by 23% due to sterling's decreased value since the EU referendum, making holidays abroad too expensive for some families.

Travellers can potentially save themselves hundreds of pounds by taking out trusted travel insurance. This can guard against some of the worst things that can happen on holiday.

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