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.
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."
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 February 2017
Comedian David Baddiel is trying to highlight the "epidemic" of dementia as a killer of older people in a new documentary.
16 February 2017
The public has spoken and the world's favourite cruises are being honoured by a top cruise review site.
15 February 2017
The collaborative #SkiSafe campaign has been relaunched in a bid to raise safety awareness among winter sports enthusiasts.
14 February 2017
A new "age defying" hormone could offer a breakthrough in preventing kidney and heart disease in people who suffer from diabetes.
11 February 2017
Patients needing new life-saving medication could have to wait two years after the UK leaves the EU, experts are warning.
10 February 2017
Families looking to take a cheap break in the upcoming half term are often sorely disappointed, however new research suggests Cyprus is the best destination for a well-priced trip.
09 February 2017
Europe remains the world's number one region as a travel destination - but tourism growth is slowing down, a travel industry report has said.
08 February 2017
A terminal cancer patient is determined to fulfil his dream of climbing Mount Everest, despite having just months to live.
07 February 2017
One third of holidaying families will opt for a British break this year, new research suggests.
04 February 2017
The benefits of treating back pain with medication could be outweighed by the longer-term side effects, a study suggests.
03 February 2017
Better connectivity in the north of England would see millions more air passengers pass through the region, an independent commission has found.
02 February 2017
An innovative technique to link breast cancer cell shapes to changes in genes could help scientists identify treatments much sooner.