Almost 40% of Brits are planning ‘luxury’ holidays next year, dipping into their savings to spend £2,000-£3,000 per person, according to research.
However, the cost of international holidays has increased by 27% since 2018, said the same study.
It found a long-haul trip for two will set holidaymakers back £2,396 this year, whereas ONS figures show it cost £1,894 three years ago.
The research by Forbes Advisor – a price comparison and financial guidance platform – found that the US was most popular destination for Brits’ ‘dream holiday’, with 20% saying they would want to head over the Atlantic for 2022.
The Caribbean was in second place, followed by Canada, Dubai, Maldives, Thailand, Japan, Hong Kong, China and South America.
More than a third (35%) said they would use ‘long-term savings or investments’, while 32% stated they would fall back on funds ‘saved by not going on holiday since pre-pandemic’.
When asked what type of ‘dream holiday’ they were planning to book, nearly two-fifths (38%) selected ‘luxury’ and almost a third (30%) opted for ‘beach holidays’.
‘Safari/wildlife’ holidays were the third most selected option, with 20% of Brits choosing this type of trip.
Kevin Pratt, travel and finance expert at Forbes Advisor, said: “There is clearly huge pent-up demand for once-in-a-lifetime overseas dream holidays, with so many Brits not having seen the inside of an airport for two years.”
He advised consumers that travel insurance is a “no-brainer”, adding: “It’s important to get a policy designed to cater for potential problems arising from Covid-19, such as having to cancel because you fall ill with the virus before departure.”
More than 2,000 British adults were surveyed about their travel plans for next year.
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