Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
Or call 0345 90 80 161
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.
17 May 2019
There's more to Monaco than the Grand Prix. Discover the magic of the Mediterranean principality with our guide to what you must see in Monaco.
[more...]
15 May 2019
Are you heading to one of Europe's best music festivals this summer? Then make sure you read our top ten tips before you leave...
What makes the Monaco Grand Prix so special? From a royal guestlist to a challenging circuit, we take a look at why the Monte Carlo Formula 1 race is so prestigious...
Get inspired for a summer of music, travel and adventure with our guide to some of the best music festivals around Europe.
07 May 2019
Thinking of visiting Spain? There are some excellent reasons to explore the country this spring and summer, from football finals to eating snails - so don't miss out!
Want to learn a new language without the hassle of going to classes? Check out our guide to the best free apps on the market and get yourself holiday-ready in no time.
03 May 2019
Why are there two bank holidays in May? Why do we celebrate May Day? These questions and more are answered in our look at the origins of the May bank holidays...
30 April 2019
Experience the magic of Matera! The 2019 European Capital of Culture, Southern Italy's famous ancient city of caves is the perfect place for a weekend away.
Get inspired for a last-minute getaway this bank holiday weekend! We explore five alternative European city break destinations perfect for a weekend away.
18 April 2019
How much do you know about Spain? Read up on some fascinating facts about Spain and learn more about magical mice, liquid gold and big pay-outs.
16 April 2019
Keen to see first-hand who gets crowned champions of Europe? Europe's biggest football match takes place in Madrid: here's your guide to everything you need to know.
Going away with your children? Beat the stress of travelling with your family with these great travel tips. Here's what you need to know if you're travelling with kids this Easter.