Holidaying abroad rises in popularity

Each year, the Post Office Travel Money Holiday Spending Report reveals its latest research into consumers’ holiday spending and behaviour.

The 2022 research show Britons are set to flock abroad this year, with many citing the high cost of UK breaks as a key reason for heading overseas.

Key findings include:

• Over half of those surveyed (53%) say they’ll travel abroad this year, with 64% of those citing the high cost of UK breaks as a key factor in their decision to go overseas
• While three quarters set a budget for their last trip abroad, resort spending cost seven in ten of them an average of 38% extra
• Nearly two-thirds (63%) also said they had been ripped off on their last trip abroad – from airline meal and drink prices to excursion and attraction costs, restaurant service charges and extra charges on credit or debit card transactions
• Past levels of overspending indicate individuals will need to allow at least £477 and families around £890 to avoid busting their budget again
• All-inclusive trips will be popular this year – seen as a way to rein in costs – but can cost hundreds of pounds more than the paid-for package
• The proportion of travellers paying extra for food and drinks in their all-inclusive resort has trebled over the past eight years.
  A link to more details in the report can be found here.