Questor Insurance News


UK holiday bookings resilient despite price rises

Forest1Brits are still ploughing their hard-earned cash into holidays, despite rising costs in the wake of Brexit, travel behemoth TUI has revealed.

The travel and tourism firm, which owns Thomson and First Choice, said that although the plunge in the pound means holidays are now more expensive, a decline in bookings has not been noted.

TUI said that just one of its regional divisions failed to report growth in booking volumes, something they claim is “testament to the popularity” of their holiday offering.

“In the UK, as we expected, demand for our holidays remains resilient,” the firm stated. “Bookings have remained at the same high level as prior year, despite the impact on pricing from cost inflation, in particular due to the weaker pound sterling.”

Wider studies for the UK suggest the leisure sector is yet to be hit by the economic uncertainty and reduced consumer spending that has hit the clothing sector.

A 13% increase in revenue for TUI for the quarter until the end of June highlights that Brits are not prepared to cancel their holiday plans.

In fact, the travel firm said even some regions that have been affected by political turmoil and terrorism are starting to regain some popularity.

Pointing to North Africa and Turkey in particular, TUI has suggested travellers are beginning to consider a wider array of options and new destinations for their summer trips.

The firm added that although visitor numbers to those destinations remains lower than in the past, it was offset by the increasing popularity of locations including Greece, Italy, Spain and Croatia.

Croatia has excelled as a holiday destination for Brits in recent years, with visitor numbers jumping by 25% between 2015 and 2016, and by even more in the last year.

It’s hot throughout the summer – indeed heatwave Lucifer has seen temperatures pass 40°C in recent days – while the country is also home to spectacular scenery at nearly every turn.

For Game of Thrones fans among you, Dubrovnik, Trsteno Arboretum, the Fortress of Klis and St Dominic Monetary in Trogir have all featured in past series, as King’s Landing, the gardens of the Red Keep, Meereen and Qarth respectively.

The UNESCO listed Plitvice Lakes and Krka national parks are among eight in the country, while Hvar Town and Rab Town provide options to party until the sun comes up.

If you’re thinking about travelling abroad this summer, be sure to organise your single-trip travel insurance in advance.

Date Created: 10 August 2017

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