Financially squeezed Brits opt for caravan ‘staycations’

Published on 1 January 1970 by Raffick Marday

Rather than shell out for expensive hotels on their holidays, Brits have been badgering caravan owners, with over half reporting they have witnessed a rise in the number of people asking them to lend them their caravan this year.

prepaid cardsWith the stagnant economy refusing to budge an inch, many people have been forced to keep a tight lid on their budget whilst on their holidays, which had led to an increase in caravan vacations.

The research, conducted by Saga Caravan Insurance, found that a substantial 44% of caravan owners have lent their caravan to others; while 31% of owners say they would consider it.

‘Caravanners’ are most likely to lend to friends (80%), parents (59%) and siblings (49%) and 6% would even considering allowing a complete stranger to borrow their caravan.

Chief Executive of Saga Services, Roger Ramsden deemed ‘caravanners’ a “generous bunch” – but according to the research the over-50s cannot be labelled such.

Apparently far more protective of their caravans, 55% of over-50s say they would not let anyone borrow their caravan. Some 67% would lend to their children while only 50% would lend to friends.

Their cautious approach means that just 12% would allow a neighbour to use their caravan – half of the 24% of under-50s that were questioned would be happy to do so.

With ‘staycations’ becoming increasing popular, UK caravan sites are the favoured ‘caravanning’ location. But far from being used just for holidays, caravans are making an appearance at a number of other events.

Some 35% of people opt to stay in caravans at music festivals, while 34% make use of them on days out, such as a trip to the beach or a car/dog show. A further 28% of people take their caravans with them to sporting events.

The news follows reports by holiday companies that a surge in both overseas and ‘staycation’ bookings have been witnessed post-Olympics, with Brits looking to cure their ‘Games hangover’.

If you want to go abroad but are finding your budget a bit restrictive, a prepaid card could help. With money loaded on before you go, they prevent overspending and help you to manage your finances whilst overseas.

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