Britons are more likely to take a UK break this year with camping and caravan holidays popular.
Almost a third of Britons will enjoy a UK break this year, according to new research that considers the impact of Covid-19 on holiday habits.
Forty-four per cent of Britons have abandoned the idea of a holiday in 2020 altogether, according to the latest Spending Report from Nationwide Building Society.
The impact of Covid-19 on travel plans and consumer confidence has led to a 46 per cent drop in holiday spend in 2020 compared to last year, with the number of transactions down by 64 per cent, it found.
The figures were combined with a survey of more than 2,000 people, which shows that the UK is set to see a rise a rise in domestic tourism.
Some 32 per cent plan to stay in the UK this year to enjoy a staycation, with a further 14 per cent preferring day trips with their family and friends. More than four in ten (44 per cent) are not planning to go on any holiday in 2020.
For nearly three quarters (72 per cent) of those choosing to remain in the UK, concerns around Covid-19 are playing a part in their decision making, with those aged 25 to 34 far more likely to think this compared to those aged 55 and above – at 81 per cent compared to 64 per cent.
According to the survey, one in five (20 per cent) plan to use money saved during lockdown to treat themselves to a break. This is particularly prevalent amongst younger people, with three in ten (30 per cent) of those aged 16-34 planning to use money saved on a holiday compared to 14 per cent of 45-54s and 17 per cent of those aged 55 and above.
Nationwide analysed its own customer spending data and found that some of the biggest increases in transactions since lockdown eased have been on holiday camps, hotels, vehicle rentals and flights.
For those preferring to stay in the UK, staying in a caravan (18 per cent) and camping (14 per cent) are popular ways to take a break this year, with road trips (13 per cent) remaining an option for those going abroad. More than one in ten (13 per cent) of those planning to holiday in the UK admit they are still unsure about what they’ll do.
Mark Nalder, Nationwide’s head of payments, said: “Although it’s clear that there remains some trepidation about taking a holiday this year, our data clearly shows that a large number of people are ready to escape their homes to enjoy a change of scenery. And, even though it’s a month on from the opening of the air bridges, Brits are choosing to stay at home to explore what’s on their own doorstep.
“While the annual break remains as much of our national identity as Christmas and the Royal Family, financial concerns as a result of the pandemic are clearly playing their part with how much people are prepared to spend. According to analysis of our data, Nationwide members are spending less on holidays this year compared to last, although whether that becomes a long-term trend is far too early to say.”
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