Brits unflustered by possible inflation rise
26 January 2009 08:48
Over half of holidaymakers will not be cutting back on spending when they go on their summer breaks this year, according to new research.
The research from the Co-operative Bank Credit Cards has discovered that 53 per cent of travellers will continue to spend on holiday despite fears of rising inflation.
According to the research, the average person will spend £18 before even stepping on the plane, with food and drink accounting for the spending of 84 per cent of holidaymakers, followed by books and magazines (60 per cent) and duty-free (35 per cent).
Holidaymakers are advised to also remember to spend some of their holiday money on appropriate travel insurance to cover them in case of disruptions such as flight cancellations or lost baggage.
Maxine Xodo, product manager for credit cards at the Co-operative Bank, said: "The findings clearly show that despite the current economic climate, after working hard all year many people are reluctant to cut back on their summer holiday spending."
Tourists who plan to take part in any extreme sports or daredevil activities while on holiday have been given a special warning to make sure they have travel insurance.
Moneysupermarket.com has advised travellers to make sure that the activities are covered on a travel insurance policy as some insurers fail to provide cover for such events.