Overseas Holidays are Suffering

Whenever anyone thinks of a destination they think about the heat, sea and sand at an overseas place. Britain’s spend millions of there hard earned cash every year to give to the overseas tourism industry. But that was until now, things look to be getting better for the UK holiday industry this year as most Brits will be staying onshore due to the power of the Euro and the credit crunch.

More than 50% of Brits are trying to save themselves cash by going to a UK destination for their holidays. But more than sixty percent of Brits said they were unable to give up totally going on holiday, because they need the break and a moment to relax so they are just trying to keep costs down by visiting the UK.

Caravan holidays places have had to promptly employ more staff due to the full increase in these types of holidays. Places such as Haven and Butlins are cashing in on the credit crunch. UK coach operators should also be set for the summer as it is certain they will see a huge increase in bookings.

Evidence has also come to light that customers have cut back on aeroplane travel. Heathrow, Gatwick and Stansted together saw a drop of two.8% last year compared with 2007, with Stansted seeing the biggest drop, 6%.

An Abta spokesman said: “People are still booking holidays abroad but in the last few weeks our members have reported that holidaymakers are cutting back and opting for self-catering and all-inclusive holidays.”

So it just goes to show you that when one industry suffers, such as travelling abroad another industry emerges triumphs. Maybe the credit crunch is positive in some aspects as it will filter out all of the companies that are under performing and just not giving good enough products, leaving room in saturated markets to see a new section of successful start-up businesses.

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