Wednesday, July 29, 2009
Category:
Consolidation
New research from Sainsbury’s Travel Insurance has revealed that Britons intend to take a total of 56 million holidays this summer, spending a total of £43.86 billion on them.
Despite the economic downturn, 670,000 people are taking more holidays than usual this summer in order to escape recession depression. According to the research, it is estimated that 16.4 million people intend to holiday more than once this summer. The average spend per person is said to be £784 for travel, accommodation, food and entertainment.
With regard to favourite destinations, 63% of people who intend to go on a break this summer, plan at least one trip in the UK. The Eurozone follows this and 36% of holidaymakers plan a trip there. Just 23% of holidaymakers plan to take a holiday abroad outside the Eurozone.
Sam Marrs, Sainsbury's Travel Insurance Manager, said: "Despite tough economic conditions, it would appear that rather than sacrificing our holidays, we Britons may even be taking more breaks in a bid to put all the credit-crunch doom and gloom behind us.
"The millions of people who are going on holiday more than once this summer would be well-advised to buy a multi-trip travel insurance policy before they go away, as they can make significant savings by doing so rather than buying single trip policies."
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Holidaymakers who have used credit cards to cover the costs of holidays at home or abroad, and who have additional credit in the form of store cards and hire purchase agreements, could consider consolidating these with a secured loan. Secured loans are one of many options to
consolidate debt. When taking a secured loan to consolidate debt, it should be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
