Britons spend more than £40billion a year going on holiday – and the average person’s annual holiday spend now tops more than £1,000, according to a new study.
The research by BonVoyage.co.uk polled 1,367 Brits from across the country as part of research into holiday budgets and spending. Respondents were asked questions relating to their holiday spend over the past 12 months.
Of those asked, 62 per cent had been on holiday in the last 12 months – they were then asked to tot up how much they spent on travel, accommodation, food and other expenses. After taking all the answers from respondents into account, the results showed that Britons spend an average of £1,024 per person on holidays in an average year. The £40billion comes from averaging the spend out over the percentage of the population who take holidays.
Respondents were then asked to specify which aspect of their holidays usually cost them the most with transport topping the chart with 38 per cent and food and drink coming a close second with 34 per cent. Just one fifth (21 per cent) said their hotel was the top spend.
Steph Curtin of BonVoyage.co.uk said: “To see what we Britons spend collectively on holidays each year is a whopping amount of money- but it appears we’re a nation of holiday lovers!
“Despite the current hot spell, we’re usually cursed with bad weather that most would rather escape from to sunnier climbs; and is the highlight of many people’s years. I personally agree with people who don’t want to reduce their holiday budgets.
“Holidays are quite often one of the only times of the year that you can make the most of your hard work and fully enjoy your money by spending it on what you love. Obviously there is nothing wrong with trying to get a discount for your hotel or flights or bagging a late deal bargain, but if making the most of your holidays means spending a bit more than you usually would then I say go for it. After all, we only live once!”
