New data released by the Office of National Statistics reveals that British families are spending more on their holidays than they have in the past decade, says Holiday Hypermarket.
According to the report, Brits spent 182% more on their holidays in 2014 than they did in 2011 – although the average amount spent while on holiday was only up by 18%. Over the longer term, the amount spent while abroad has dropped five percent since 2004.
Holiday Hypermarket representative Ian Crawford commented: “These are the figures we would expect to see. Year on year, we’ve seen the number of All Inclusive bookings increase by 8.6%. While this might mean holidaymakers spend slightly more on buying the break itself, they will spend less while they’re away, because they’re not going in search of food, drink and entertainment.
“The overall decline of five percent since 2004 reinforces that fact. 10 years ago, the majority of holidaymakers booked self-catering or half-board breaks, which meant they were spending more while they were away. In 2015, 63% of all breaks booked with us were All Inclusive.”
He went on to explain that the trend can be attributed to holidaymakers looking for ways to manage the cost of breaks. By booking an All Inclusive holiday, families can reduce the amount they need to spend abroad and minimise unexpected costs.
These statistics sit alongside additional ONS data, which shows the number of Britons taking holidays abroad has increased by nine percent in the 12 months to September. Holiday Hypermarket puts this general trend down to ongoing economic recovery, with the British public having more disposable income to spend on overseas travel.