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People may compromise but still plan to take holidays, research reveals

Almost half of people are making compromises to their future holidays so they can still travel abroad amid cost of living concerns.

Changes include going away for a shorter period (46%) and opting for short-haul destinations rather than long-haul (35%), while almost a quarter (23%) plan to swap where they normally holiday for more affordable destinations.

Two in five (40%) say they will choose not to go all-inclusive, while one in six (17%) aim to do fewer activities while on holiday to spend less while abroad, according to a poll of 2,000 holidaymakers by OTA loveholidays.

At the booking stage of their holiday, a third (33%) will now try to do more research to land a cheap deal and 21% will opt for late night flights to keep prices low.

However, despite tighter budgets, 59% are determined to be adventurous with their travel plans, while 28% do not want to compromise on experiencing new cultures.

The survey also found the average person still plans to travel abroad at least twice in the next 12 months – with those aged 18-34 planning the most breaks with three overseas trips.

This comes despite consumers facing the prospect of  having an average of £300 less disposable income to spend on breaks next year.

Loveholidays chief marketing officer Al Murray said: “The rising cost of living has understandably put even more focus on getting the best value for money when it comes to holidays.

“But while we’re comfortable making compromises, we’re still a nation who love our trips abroad, with many doing whatever they can to avoid giving up on holidays.

“From the way we book or what we book, to how we spend our time and money once we’re away, Brits are looking for simple changes to make their money go further while still ensuring they get away.”

 

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