In order to keep the cost of this year’s summer holiday down, many Brits admit that they will be staying at home this year rather than travel overseas. A Sainsbury’s Travel Insurance survey indicates that only 45 per cent plan to pay for a foreign trip.
Among the cost saving strategies being employed by those who will be going overseas are booking a package deal so that most of the costs are already covered beforehand. The study found that 13 per cent would be looking for a self-catering option in order to keep expenditure down. Staying with relatives or friends was the belt-tightening choice for 13 per cent of respondents.
David Barrett, from Sainsbury’s Travel Insurance, said that the majority of travellers were actively looking for holiday options which would keep costs to a minimum. He added that although most of us were refusing to give up on a holiday at a time when household budgets were being squeezed, tactics such as booking trips at the last minute to make sure we are getting the best deal were more widespread than in previous years.
The survey found that 23 per cent of travellers were not planning to make a booking until between March and June, and a further 10 per cent were going to wait until the high season – between July and September – before looking for a deal.
Summer holidays had already been booked by only 16 per cent of those intending to leave home in 2012.