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Post-Brexit exchange rate uncertainty is the main concern among British holidaymakers, according to a study by Caribbean hotel group Sandals Resorts.
However, an overwhelming 81% of the 2,000 British people surveyed said that they did not avoid booking a holiday until they were aware of the results of the EU referendum.
Value for money was found to be high on the priority list when it comes to holidaymaker’s concerns, meaning it is no surprise that 34.7% said they chose all-inclusive as their preferred board in order to find the most cost-effective option.
Those with children were found to be much more likely to select an all-inclusive, although surprisingly, millennials – those aged between 25 and 34 – were the most likely age group to book an all-inclusive holiday (38.5%).
Spending concerns were also echoed in a travel industry forum, which found that while demand for holidays remain high, customers are eager to find ways to make their money go further.
Gillian Ashwood, from Brilliant Travel in Scotland, believes that couples still enjoy going on holiday and are eager to get married overseas, however they are more cautious about how much they spend and are going the extra mile to get more for their money.
Despite the caution, last minute bookings were also found to be on the rise. Deana Manser, from Travel Club Elite, claims that a lot of customers were booking holidays just a week in advance in the peak of the summer period.
Figures show that British holiday makers are willing to spend £1,072 per person on average for a long-haul holiday, with a little less than a quarter declaring that they would spend between £1001 and £2000 per person.
Men are prepared to spend £64 more than women on average on a holiday, while families will spend £70 less than those travelling without children.
If you’re thinking of travelling abroad this year, be sure to organise your family travel insurance in advance.
Date Created: 09/09/2016