New research predicts that UK holidaymakers’ spending on overseas holidays is to increase between 3% and 4% a year, taking the total from £23.8 billion in 2007 to £27.3 billion by 2011.
However the research, by business-to-business data firm Market and Business Development, also predicts that spending on overseas package holidays will fall this year.
Market and Business Development expects package holiday sales to reduce by £100,000 to 10.1 billion in 2007, making up only 42% of overall sales.
By 2011, package holiday sales will peak at £10.8 billion. However, the package sector’s overall percentage of the market will reduce to 39% of sales.
Overall spend on overseas holidays increased by 24% to £23 billion from 2002 to 2006.
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