Break budgets are at their lowest on record, averaging £822, as families feel the pinch from the cost of living, the Sykes Holiday Cottages Index has revealed.
Beach companies and local tourist attractions saw a £30 billion boost last year when the average budget for a getaway was £940, significantly higher than the £860 spent before the pandemic.
Graham Donoghue, Chief Executive of Sykes Holiday Cottages, said: “Around 26 million of us will be packing our bags in the coming weeks as we head off to a great British holiday destination to enjoy the summer heat that’s been upon us recently.
“For more than a third (35 per cent) of Brits, the decision to choose a UK break was heavily influenced by budget pressures, but based on our last-minute bookings in recent weeks, it’s clear that canceled flights played a role. too.”
More than three quarters (77 per cent) of people plan to enjoy at least one holiday at home this year, with almost half (46 per cent) choosing the UK for their main summer holiday.
The fastest growing places for bookings this summer are the seaside resort of Polzeath in Cornwall, the coastal village of Rock in Cornwall and the idyllic village of Hurst Green in Lancashire, the index said.
Half of Britons have said they intend to avoid the UK’s tourist attractions and travel to less-visited places this year.
Due to canceled flights and airport chaos, summer breaks have increased by 70 percent in the past four weeks compared to the same point in 2019, and by 26 percent compared to the same period in 2021.
Mr Donoghue said: “With widespread reports of disruption to overseas travel, we have seen an increase in last-minute bookings, which is likely to continue throughout the summer period and into the autumn.”
“Travellers simply don’t want to have to deal with airports and risk their family holidays being cancelled.”
Budget pressures continue to bite households, with 50 percent of the nation planning to take less vacation than usual in 2022 due to pressure on household budgets, the index showed.
At least 35 per cent of Britons are now more likely to consider taking a break from the UK due to the cost of living crisis.
UK Staycationers set to boost local economy by more than £15bn | Great Britain | news
Source UK Staycationers set to boost local economy by more than £15bn | Great Britain | news