Holidays are next up for cost-cutters
Half of people are planning to cut the cost of their holidays or do without trips altogether this year, a survey has found.
Just over a third (34%) of holidaymakers plan to take steps to make their breaks less expensive, while a further 16% will go without a vacation, according to insurer Aviva.
Among those who plan to save money, the most common tactics are taking UK-based breaks rather than going abroad (28%) and travelling out of peak season (26%).
Others plan to shorten the duration of a holiday (25%), eat away from tourist attractions (13%) and find a lesser-known destination (13%).
One in five (20%) looking to cut their costs plan to set a spending limit for their getaway.
However a worrying one in 14 (7%) plan to cut costs by not taking out travel insurance.
Kelly Whittington, speciality claims director at Aviva UK, said: “Holidaymakers have some really good ideas on how to save, from setting themselves a spending limit, to looking for last-minute deals.
“However, it’s concerning to see that a small number of people would think about not taking out travel cover as unfortunately the unexpected can and does happen. This can mean anything from requiring medical treatment overseas, to lost luggage, to a stolen passport while abroad.
“As a result, holidaymakers could face unforeseen costs of hundreds or thousands of pounds – even five or six-figure sums in some instances – particularly where medical bills are concerned.
“We’d also urge people to take out travel insurance as soon as they book their break in case an unforeseen incident means they need to cancel.
“The vast majority of holidays go without a hitch, but travel insurance can provide valuable peace of mind, just in case.”
More than of 4,000 people were surveyed across the UK by Censuswide in January 2023, for Aviva.