Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
24 September 2013 09:11
Young travellers spent an average of £2,500 on trips abroad last year
Young people are defying the global recession to spend an increasing amount of money on travelling abroad, a new survey suggests.
A poll found young travellers spent a total of £138 billion on trips overseas last year - making up around 20% of the total £692 billion spent on tourism worldwide.
This means the average young person spent £2,500 on travelling abroad in 2012 - but savvy young travellers wanting to ensure they had peace of mind for the duration of their trip will also likely have spent a bit of cash arranging comprehensive worldwide travel insurance.
The amount young people are spending on travel has soared by 40% since 2007, according to the global survey by The World Youth Student and Educational Travel confederation (WYSE).
The group polled more than 34,000 people aged 18 to 35 for its New Horizons III survey, with respondents hailing from 137 countries worldwide. Results were divided almost evenly between travellers from the West and those from emerging countries such as China and Latin America.
It found that young travellers have made an average of at least two trips abroad each year for the past five years, spending a total of 58 days overseas in 2012.
The findings also suggest the "bank of mum and dad" remains an essential source of funding, with parents providing financial support for 44% of trips made by people under the age of 20.
Meanwhile, an increasing number of young travellers said they were using trips abroad to boost their CVs. Many of them travelled in order to take on work experience, learn new languages or simply to learn more about the world around them.
WYSE spokeswoman Laura Daly said young people were exploring further afield and travelling more frequently.
"The truth is that when the going gets tough, the young keep on travelling," she said. "Rather than simply being seen as a leisure activity, travel is now increasingly viewed as a way of having experiences that help to enhance a CV - and to explore new cultures."
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.