Monday, October 18, 2010
Category:
Consolidation
According to the Office for National Statistics, UK tourists parted with £66.4 billion on domestic trips and £50.1 billion on trips abroad in 2006. With regard to the latter, £34.4 billion was spent overseas while £15.7 billion was reportedly spent in Britain on air fares for UK airlines and the services of travel agencies, for example.
When it comes to the money that domestic tourists spend within the UK, important categories are believed to include ‘food and beverage services’ at £19.5 billion; ‘accommodation’ at £6.5 billion; and ‘cultural services’ at £4.5 billion. However, the largest category has been revealed as being ‘other consumption products’ at £26 billion.
With regard to UK expenditure on trips abroad, the most significant sum was reportedly spent on ‘air fares for UK carriers’ at £9.4 billion. Whilst overseas, it has been revealed that £7 billion was spent on ‘air fares for overseas carriers’; £5.6 billion was spent on ‘food and beverage services’; and a further £5.6 billion was spent on ‘accommodation’.
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Homeowners who have accumulated spending on their credit cards as a result of holidays, and have expensive monthly repayments, could consider taking out a secured loan to consolidate these. One of many finance options available, a secured loan for
consolidation could be used to tie existing debts up into one place to eliminate the juggling act and to potentially reduce outgoings. In addition, borrowers may also wish to take the opportunity to book that holiday of a lifetime!
