Holiday bookings on the up
26 January 2009 10:35
Homeowners may be struggling to pay the bills but it's not going to stop them from going on holiday, if the latest figures are anything to go by.
It seems that the credit crisis has done little to put travellers off organising their summer vacations, with data showing flight and hotel bookings are on the up.
According to technology firm Multicom, holiday bookings have risen 40 per cent since January, with holidaymakers flocking to travel agents and booking websites.
General manager Chris Nourse said: "Years ago, holidays abroad were seen as a luxury for the few who could afford them. Now it seems they are being seen as more and more essential - even if people have less money in their pockets after paying bills.
"We're not saying that the travel industry won't find it hard if household inflation continues to outstrip people's pay rises, but the industry might be less susceptible than had been previously thought."
Those booking holidays online should ensure they also invest in travel insurance before they fly.