Whenever anyone thinks of a holiday they think about the sun, sea and sand at an overseas destination. Britain’s spend millions of there hard earned cash every year to give to the overseas tourism industry. But that was until now, things look to be getting better for the UK holiday industry this year as most Brits will be staying onshore due to the power of the Euro and the credit crunch.
More than 50% of Brits are trying to save themselves cash by going to a UK destination for their holidays. But many than 60% of British people said they were not able to give up completely going on holiday, because they need the break and a minute to relax so they are just trying to keep costs minimal by visiting the UK.
Caravan holidays destinations have had to quickly employ more staff due to the sudden increase in these types of holidays. Places such as Haven and Butlins are cashing in on the credit crunch. UK coach operators should also be set for the summer as it is certain they will see a huge increase in bookings.
Evidence has also come out that passengers have slowed down on plane travel. All the London airports collectively saw a drop of 2.8% last year compared with 2007, with Stansted seeing the biggest fall, 6%.
An Abta spokesman said: “People are still booking holidays abroad but in the last few weeks our members have reported that holidaymakers are cutting back and opting for self-catering and all-inclusive holidays.”
So it just goes to show you that when one industry suffers, such as travelling abroad another industry emerges triumphs. Maybe the credit crunch is good in some aspects as it will filter out all of the companies that are under achieving and just not offering good enough products, leaving room in saturated markets to see a new breed of successful start-up businesses.
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