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Brits turn to auction websites to fund cheap holidays

Whether it’s a week in the sun or a cottage retreat, cash-strapped holidaymakers are keen to fund their getaways by selling their goods on auction websites.

Research shows that 65% of people have made significant cutbacks this year so they can enjoy a holiday, including going out less, buying own brand goods and avoiding buying new clothes.

Squeezed Britons desperate for a holiday are now selling their goods on auction website eBay to stump up the cash. Some 49% of people are waiting to book last minute holidays in the hope of getting a better deal. Others are choosing to holiday in the UK as they cannot afford to go overseas.

According to Travelodge, the number of people looking to stay in the UK for a holiday this year has risen by 6% from last year, to 41%. But a holiday in the UK might not be the cheapest option. The average cost of a week’s holiday in the UK has increased by £10.78 to £433.47 on last year’s price.

Costal Cornwall is the most popular UK destination of choice for those taking a ‘staycation’. Edinburgh is the second most popular holiday destination for people staying in the UK this year, rising from fifth place last year. The Lake District is third.

The research highlighted that the nation is living frugally in order to enjoy holiday fun. Survey respondents said they had bought cheaper food and even sacrificed buying gifts for their partner on special occasions. A third of holidaymakers plan on taking a traditional British summer holiday abroad, while 30% will head to UK cities during their time off. If you are planning a holiday abroad this summer, be sure to take out a sufficient travel insurance policy. This policy will help protect you financially while you are away.

Date Created: 15 June 2012

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