Travel insurance: Britons 'take fewer holidays' but 'spend more'

Friday, 09 April 2010

Britons are taking fewer holidays each year but are spending more, new research has shown.

A survey conducted by HolidayExtras.com found that there was a 27 per cent drop in the number of British travel insurance customers going on five or more holidays a year.

Now, more than 60 per cent are taking one or two breaks a year. The recession has hit the UK, with residents cutting back on mini breaks and a quarter saying they will spend more money on fewer holidays.

Value-for-money deals are the most important deciding factor for holidaymakers, with 64 per cent saying it is their top consideration, which is 24 per cent more than last year.

Matthew Pack, chief executive officer of HolidayExtras.com, said: "Last summer was the year of the ‘stay-cation’ but the British weather seems to have knocked that holiday trend on the head."

This week, Which? Holiday advised holidaymakers to check the small print on their travel insurance policy and not just assume it covers all eventualities.

It found that if an act of terrorism occurred, only 18 per cent of travel insurance providers would pay out for any inconvenience caused to passengers.

Posted by Noel Martin

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