Travel insurance: Economic downturn 'may make holidays more popular'

Thursday, 11 December 2008

The attitude Brits have towards their annual vacation may mean travel insurance sales remain steady despite the economic downturn, it has been suggested.

According to the Association of Independent Tour Operators, getting away every year is probably the third highest priority for many Brits, after ensuring they can keep up payments on their house and being able to afford to run a car.

Public relations officer Ian Bradley said the economic slowdown may even make holidays more important to people.

He stated: "They put money aside and say 'I'm going to get away, no matter what … I need to escape the doom and gloom'."

Mr Bradley added people viewed holidays as "a necessity rather than a luxury".

A survey conducted by appears to back this claim up, with more than half of those questioned stating a trip away was either important or vital.

Individuals who are determined to go on holiday next year but are keen to cut costs may find they can make a saving by searching for cheap travel insurance.

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