Brits change holiday plans to keep costs down

Ever since the US-Israel war with Iran began, we’ve heard constant warnings about what it means for the economy and our wallets. So it’s no surprise that many of us are now thinking again about our holiday plans.

The conflict has sent oil prices soaring, which in turn is pushing up the cost of food and energy, and raised fears of jet fuel shortages and travel disruption.

As a result, many people are looking at more affordable options such as taking a holiday in the UK.

According to YouGov, nearly one in five (19%) are choosing domestic holidays over travelling overseas this summer.

Others, meanwhile, plan to spend less during the trip itself (18%), and take shorter holidays (16%).

Cost of living a real concern for holidaymakers

Above all else, it’s the cost of living that’s influencing people’s travel choices.

In fact, 42% said it’s the main factor affecting their holiday plans, ahead of hotel or accommodation costs (32%) and airfare prices (29%).

And as a consequence of the Iran war, almost one in five (19%) are worried about safety or geopolitical issues.

What are Brits doing to cut holiday costs?

Nearly one in three (31%) people are planning to save money on their summer holiday by travelling during off-peak dates.

Meanwhile, about one in five (21%) said they booked their summer holiday earlier in order to take advantage of lower prices.

In addition, a fifth (20%) compared travel websites before booking.

So if you’re put off going on holiday by the likely cost, it could be worth exploring tactics like this to reduce what you pay.

A great summer doesn’t have to come with a huge price tag. 

Whether you’re planning a UK staycation, a family break abroad or simply looking for affordable ways to keep the kids entertained, there are plenty of ways to save money without missing out.

Check out our 60 ideas on how you can cut the cost of a getaway either at home or abroad.