Young people treat themselves to holiday as families budget

Young people treat themselves to holiday as families budget

Young Brits are taking more holidays than families, according to new research. According to Tesco Bank, holidaymakers aged between 18 and 34 are prioritising holidays, with 39% planning to spend more on holidays this year. In contrast, families with parents aged 35-54 are still budgeting and a quarter said they would not take a holiday this year. “”Despite ongoing financial pressures for many people, it seems that holidays are being seen as a well deserved reward by many in 2010,” said Tesco Bank Head of Travel Money John Howells. Young people surveyed said they deserved a holiday (36%) after the hardship of the recession and were expected to travel further. A fifth would take an all-inclusive holiday whilst 16% would book a high star rating hotel compared to last year. However, 35% of also liked the price leniency of self-catering accommodation.

Gary Marshall
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Gary Marshall
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