When people think of a holiday they think about the sun, water and sand at an overseas destination. Britain's spend millions of there hard earned cash every year to give to the overseas tourism industry. But which was until now, things look to be getting better for the UK travel industry in this 12 month period as most Brits will be staying onshore due to the power of the Euro and the credit crunch.
More than fifty percent of Brits are trying to save themselves money by going to a UK destination for their holidays. But more than 60% of Brits said they were unable to give up completely going on holiday, because they need the break and time to relax so they are just trying to keep costs down by visiting the UK.
Caravan holidays destinations have had to quickly employ more staff due to the sudden 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 collectively saw a drop of 2.8% last year canalysed with 2007, with Stansted seeing the largest fall, 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 good in some aspects as it will filter out all of the companies that are under achieving and just not offering good enough products, leaving room in saturated markets to see a new breed of successful start-up businesses.
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