British travellers are cutting back on eating out, clothing and electronic gadgets rather than cutting back on holidays.
This is according to new research by ABTA which examines the most popular activities and items people would be most willing to spend less on, with taking holidays remaining one of the country?s top spending priorities.
Researchers found that 25% of respondents would cut back on eating out, 18% would limit their spending on clothing and accessories, and 17% would spend less on electronic gadgets. Other items people are willing to spend less on in order to afford to travel include alcohol, cigarettes and takeaway meals. Leisure activities, such as going to the cinema and concerts, were activities people were least likely to cut back on at 11%.
The study points to British people viewing holidays as a necessity rather than a luxury, with 86% of the population saying they took a holiday, either at home or abroad in 2018. Of the groups polled, 18-24-year-olds are the most committed to holidays with only 6% saying they would cut back on travel to save money. This age group is the most likely to cut back on eating out to save for a holiday.
Among those with children, they are most likely to moderate their spending on eating out, compared to just 13% who would cut back on the amount they spend travelling the world. Victoria Bacon, ABTA?s director of brand and business development, said: ?For those looking to go on holiday this year, but are a bit conscious of cost, it?s really worth having a look at the deals and offers available at the moment. Many travel companies still have holidays left with free-child places or money off for summer breaks, and 60% of UK travellers say they booked a package holiday last year because it was the best value option for the price.?
