Call for an instant quote
0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
27 January 2016 09:28
Internet users are making significant holiday savings
Four in five internet users are saving money on their holidays by searching for better deals online, new research reveals.
Lloyds Bank found that 82% of tech-savvy people are comparing the cost of accommodation and flights through travel websites before booking trips away.
Its UK Consumer Digital Index explores the links between how digitally capable individuals are saving money and the impact this is having on their finances.
'Greatest savings on holidays'
Some 70% of people use the internet regularly to save money, typically clawing back £62 per month or £744 per year.
Of these, 11% are saving more than £200 a month - adding up to annual savings of more than £2,400.
Most internet users - 82% - are making the greatest online savings on holidays, using comparison and consumer help websites to find the best deals.
Money saved on accommodation and flights could be put towards holiday essentials like travel insurance, covering everything from lost luggage to cancelled flights.
As many as 79% of internet users make the greatest online savings on insurance premium costs, while 73% save on hobbies.
A further 70% save money on clothing, 65% save on utility bills, 64% get cheaper transport costs and 42% save on groceries.
Low digital capability
Lloyds Bank says around 11 million adults in the UK have low levels of digital capability, meaning they may be missing out on the best holiday deals.
It warns the financial divide will deepen between those who are using the internet to compare deals and those who are "digitally excluded", unless individuals take action to bridge the gap.
The report was based on data from one million people from across the UK, as well as a survey of more than 2,700 people.
Lloyds Bank adds that while the best deals are not always on the internet, travellers who compare online prices with those on the high street are in a better position to negotiate cheaper deals in-store.
23 September 2016
Theresa May is being urged to give the go-ahead for flights to resume between the UK and Sharm el-Sheikh by the head of the cross-party parliamentary group on Egypt.
22 September 2016
Budget airline Jet2.com is to open its first base in the south of England at Stansted.
21 September 2016
Smoking rates have dropped to the lowest level on record in England, new figures show, suggesting messages about the health effects of cigarettes are hitting home.
20 September 2016
Concerns have been raised over flight disruptions caused by heavy drinking among passengers.
17 September 2016
British Airways' decision to launch direct flights from London to Tehran earlier this month positions Iran as one of the hottest destinations to visit in 2017, according to experts.
16 September 2016
More than 100 flights have been cancelled as French air traffic controllers go on strike again.
15 September 2016
Two thirds of MPs would support an expansion at Heathrow.
14 September 2016
TripAdvisor is launching a new homepage, making the booking of holiday activities and tours even easier.
13 September 2016
Travellers are to be charged to use fast lanes to get through passport checks in an attempt to cut queues.
09 September 2016
People travelling to regions affected by the Zika virus outbreak should practise safe sex for at least half a year upon their return, health leaders say.
08 September 2016
British Airways is apologising to passengers for delays after an IT glitch hit check-in systems.
07 September 2016
Tiny particles that are breathed in and taken into the brain through air pollution could trigger Alzheimer's disease, research finds.