Foreign holiday trends for 2013
bank accountsBeing subject to relentless rain and continual cold means that Brits put much store by their foreign holidays.
And research has revealed that this hasn’t changed in the tough financial times, with people actually planning on increasing their overall holiday expenditure in 2013.
A recent study by Markit found that a sizeable 43% of households are pessimistic about their finances in the New Year.
However, a poll by TravelSupermarket found that spending on trips will increase from an average of £1,092 this year to £1,107 in 2013.
Holidays are expected to increase in length too, with main holidays set to be extended by 0.6 days to a total of 9.66 days.
“The early indications are that forward bookings for 2013 are looking positive despite a continued squeeze on household budgets,” said Chief executive of ABTA (Association of British Travel Agents), Mark Tanzer.
“The majority of British holidaymakers are reluctant to give up their annual holiday even in tougher economic times.”
However, TravelSupermarket spokesman Bob Atkinson said that although Brits were upping their holiday budgets, monitoring and controlling finances whilst abroad will “still be a key issue”.
Indeed, all-inclusive holidays have witnessed an upwards trend since 2010. Some 37% who jetted off for an overseas holiday in 2010 booked a package deal, which increased to 42% in 2011 and 48% in 2012. This figure is expected to rise once again in 2013, as pressure continues to mount on household finances.
Favourable exchange rate
Brits are currently in a position to enjoy longer and more numerous overseas holidays. The value of the pound has increased against almost two thirds of the 19 other G20 states, which is excellent news for UK jetsetters.
According to research from Lloyds TSB International, the pound strengthened by as much as 19.1% against the Argentine peso, 18% against the Sri Lankan rupee and 11.8% against the Japanese yen.
The favourable exchange rate could see British tourism soar in these countries. According to ABTA, New Zealand, Ecuador and Ethiopia are also expected to attract British travellers in 2013.
Popular holiday destinations for 2013 are likely to remain the same, with Spain, the US, Portugal, Greece, Turkey, Italy and France topping the list.
Wherever you decide to go on holiday next year, remember to organise your travel money well in advance to secure the best deals.