Brits plan to spend more on travel post-pandemic

New research by travel insurance provider battleface has found that while 50 per cent of Brits have been saving more since the pandemic, two-fifths (41 per cent) of Brits are planning to spend more on their holidays once international travel resumes

The survey, carried out by Opinium, found a sizeable number of adults planning to spend their Covid-19 cash on international escapes. Once abroad, spending habits will likely remain the same, with over a third (36 per cent) planning to spend the same amount as before the pandemic. One in six, however, are planning to up their spending whilst on holiday, averaging an expected extra spend of £585 per trip. Just six per cent of adults were planning to reduce their spending by £432 on average.

Many are looking beyond this year to plan their next trip abroad. Just over a third (38 per cent) of adults reported that their next international holiday was planned for 2022 (38 per cent), with a further 28 per cent stating they would next be travelling in 2023. This summer, many people are choosing holiday destinations in the UK. With the current restrictions against international travel, staycations are seeing increasingly popularity, as in summer 2020.

Taking longer holidays than pre-pandemic

While three fifths (61 per cent) are planning to travel closer to home, around a third (34 per cent) are planning to take longer holidays than before the pandemic.

Katie Crowe, Director of Communications for battleface, commented: “It is clear that the pandemic has impacted how people want to travel in the future. Many Brits are uncertain about travelling abroad this summer and it is not surprising that many families are looking to 2022 and 2023 for their next trip. Families are choosing to save for future holidays, where they will want to spend more and stay away for a longer period.

“Regardless of how much people are planning to spend on their trips, they need to ensure that they have adequate travel insurance to protect them. Choosing the wrong policy could mean that their holidays end up costing much more than they had planned. Battleface insurance policies remain valid regardless of changes in FCDO advice or any change in a country’s traffic light colour.”