Questor Insurance News


Young or old...we still love our holidays!

Imagining a time when the annual holiday is no longer a fixture on our calendars, is like imagining a world where the earth doesn’t rotate around the sun or the festive season is devoid of carol singers and mince pies.

Luckily, despite the continued squeeze on our finances post-recession, whatever our age, it seems that jetting off abroad is still top of our priority list. According to the latest the Holiday Confidence Index Created by First Rate in partnership with the Institute of Travel & Tourism, University of Wolverhampton and YouGov, 44% of the 8,000 holidaymakers questioned don’t intend to limit themselves to just one break abroad next year, while a further 22% plan to pencil in a minimum of three holidays into their diaries over the next 12 months.

The above figures show that the holiday spirit is alive and well amongst UK travellers, and shows no signs of abating – whatever the economic outlook.

And it seems that positive attitudes towards holidays weren’t just shared by carefree youngsters (18-24 year olds), those aged over 55 were also happy to say yes to a stint away from their daily routines. The research also revealed that while over half of travellers were planning to keep their holiday spending at 2012 levels, many were keen to claw back costs on their actual holiday booking or when securing their travel money – suggesting that there will still be room for the odd sangria or candlelit dinner for two once on a holiday is underway.

In terms of destination, the eurozone proved to be the most popular amongst travellers, and with the charms of countries on the continent from France to Budapest to explore, it’s not hard to see why.

Commenting on the figures, Alistair Rennie, First Rate Exchange Services Head of Business Decisions, said: "The new Holiday Confidence Index reveals a growing stability for the overseas holiday market. Admittedly, there has been a small fall in the numbers who are definitely planning on taking a holiday abroad, but this is tempered by fewer negative comments about intention compared with six months ago. Given the relative optimism about economic recovery expressed by respondents, there is good reason to be cautiously positive about the outlook for the coming year." If you are planning to visit a continent this year, it is important to secure your European travel insurance in advance.

Date Created: 04 November 2013

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