As lockdown continues to ease, the official start of summer begins on Saturday 20th June, turning our attention to what would normally be the impending holiday season.
For many it is usually an exciting time looking forward to family trips and adventures abroad exploring. However, new research conducted during lockdown has highlighted the effect of Covid-19 on Brits holiday plans, financial outlook and projected summer spending.
In a far cry from 2019, which saw UK residents make 9.4 million visits overseas during the month of August* alone, new research commissioned by PriceRunner has revealed that near to 1 in 2 (43%) have held off booking holidays due to the current crisis and 1 in 5 brits have already cancelled and refunded the trip.
According to the survey on a poll of over 2,000 UK adults, the average planned spend on a holiday this summer was £1,603. Research suggests the financial impact of Covid-19 on households is making Brits overtly conscious on current spending, even with non-essential travel restrictions still in place.
Of those surveyed, half of Brits (50%) expressed a decrease in spending in comparison to this time last year. With economic uncertainty creeping in, 1 in 3 (31%) feel the pressure to save money in the current climate.
Undeniably, uncertainty has been a key phrase for households around the UK over the last few months and this has left many with no planned summer activity (34%).
Furthermore, research shows that the public are expecting a considerable travel cost hike once travel restriction are lifted (44%), suggesting that many who have been making saving a priority may be looking for alternative ways to enjoy the summer season, regardless of whether travel abroad is permitted.
The research did however highlight a positive ‘make do’ attitude, in line with the national ‘keep calm and carry on’ spirit. Of those surveyed, 1 in 3 said they plan to spend saved holiday money on their children, and a further 35% plan to indulge their partners. Looking ahead to summer, a quarter (26%) said they plan to create their own holiday at home.
For those planning to stay put for what is usually the annual get away, Consumer Expert for PriceRunner, Anna Lavfors, shares her top tips to make the most it, whilst continuing to watch the pennies –
“Summer 2020 looks set to be the year of the staycation boom, with many brits already making plans to create their own holiday at home as travel further afield remains an uncertainty.
As lockdown continues to be loosened, renewed freedoms - such as unlimited time outside - means that for many, simple pleasures come from rediscovering our favourite parks, beaches and natural beauty spots that were previously been prohibited.
With so many planning staycations and looking to prioritise savings, there are plenty of savvy ways to recreate the holiday feeling without packing a single suitcase, or dipping heavily into would-be holiday funds…
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