We’re all going on a summer holiday – well, maybe not any more: Britons abandon overseas holiday plans as the value of the pound falls
Britons are abandoning their foreign holiday plans this summer and opting for staycations as the value of the pound falls, new research has found.
One in 14 have ditched overseas travel plans overall. And one in 10 who planned to go to the US have now put off their plans, according to AA.
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The study, based on a Populus survey of 19,619 AA members, found a 7.5 per cent drop in those going on European holidays, nine per cent fewer going to the US and a 4.5 per cent drop in the number of people travelling further afield.
Some 66.5 per cent were originally planning to head abroad this year, compared to those staying in the UK. But this has now dropped to 46.9 per cent.
However, this does not necessarily translate into a major staycation boost, said AA.
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Seven per cent are no longer going abroad, but four per cent will stay at home, compared with three per cent who will head elsewhere in the British Isles.
The AA found Londoners stood out as the most likely to scrap foreign holiday plans, with 8.9 per cent of those surveyed doing so.
Some 18.7 per cent of Londoners who had planned to go to the US are no longer doing so.