Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
27 June 2016 08:58
Travel spending is expected to rise
How much do you spend on travel a year? The figure could reach £9,300 by 2025, if new forecasts are anything to go by.
Research from Visa suggests that Britons will typically spend that amount each year by the middle of the next decade, compared to £6,500 in 2015.
And the card company said a combined sum of £63.4 billion could be spent by 2025, which would be a rise of 58% on 2015 levels.
By the year 2025, Britain is on track to be Europe's second biggest travel spender, with only Germany ahead of it. And the country may also become the fourth largest spender in the world.
Travel insurance benefits
Wherever people hope to travel, and however much they intend to spend, travel insurance can offer peace of mind on their trips.
Whether covering medical costs or stolen possessions, it can help tourists out of tricky financial situations.
Expert view
In terms of the new study, Visa Europe managing director for the UK and Ireland, Kevin Jenkins, said the British love of travel remains strong.
He added: " In the next decade we'll see an expanding travelling class that will spend a growing portion of their household income on international travel."
Global trends
In global terms, the study has now estimated that cross-border travel spending will increase dramatically to £979.9 billion by the year 2025.
It is predicted that r oughly 282 million households will plan at least one international trip a year by 2025, which is a rise of nearly 35% from 2015.
China is on course to have the highest level of household spending on international travel by 2025, at a projected £167.1 billion.
21 June 2017
Holidaymakers could save themselves money by opting for self-catering breaks this summer, a report has shown.
[more...]
20 June 2017
From trips abroad to days out closer to home, the school holidays can be a costly time for families.
17 June 2017
Debit and credit card charges are causing holidaymakers to "waste" more than £100 million each year, a new report has warned.
16 June 2017
Aggressive and potentially lethal prostate cancer could be detected more quickly thanks to a simple blood test, scientists have revealed.
15 June 2017
Many holidaymakers are over-estimating the benefits offered by European Health Insurance Cards (EHICs), a new study warns.
14 June 2017
British holidaymakers will benefit from the end of mobile roaming charges this week.
13 June 2017
UK holidaymakers could face higher costs in the months ahead following the collapse in the pound, the owner of a major travel firm has warned.
10 June 2017
Holidaymakers planning trips abroad in the coming days will be monitoring the progress of the pound closely following the surprise general election result.
09 June 2017
Family holidays to traditional hotspots like Menorca and Ibiza could end up costing more than far-flung destinations such as Orlando, Thailand and Bali, surprising new research suggests.
08 June 2017
Two of Europe's major budget airlines enjoyed strong passenger growth last month, as the summer holiday season got under way.
07 June 2017
People could lower their chances of dying from cancer by regularly taking a brisk walk, two new reports have suggested.
06 June 2017
Travel insurance claims worth around £1 million were paid out every day in 2016 on average, new industry data reveals.