Brits delay holiday bookings
28 April 2009 06:42
Holidaymakers will book their trips abroad at the last minute this year; however, this should not prevent the purchase of travel insurance.
That is according to the credit card company Visa Europe, which has suggested that Brits will delay scheduling their holidays until as late as possible in an effort to benefit from any savings.
This viewpoint is supported by consumer spending figures published earlier this month by Visa, which revealed that the value of transactions recorded at travel agents during January and February fell by two per cent.
Fiona Wilkinson, senior vice president at Visa Europe, attempted to explain the reasons behind this trend.
She said: "Holidaymakers could be either waiting until the last minute and hoping to find cheap deals, or are willing to stay at home this year instead."
Earlier this month, the organisation VisitBritain claimed that just less than half of the British population plan to cut back on the number of holidays they take annually as a result of the economic downturn.