Holidaymakers 'hold back spending'

Many Britons going on overseas holidays this year plan to keep their spending in check, new research shows.

M&S Money, which polled more than 2,000 people, said 17% of holidaymakers intend to cut back their outgoings.

The cash savers plan to reduce their spending by an average of £326.

Just over four in 10 people said they expect to spend as much as they did last year.

However, 32% of holidaymakers said they will shell out more money during their holiday abroad in 2011, with one third of them blaming the high cost of living for the additional expenditure.

The average amount of extra cash spent is estimated at £326.

Over two in five said eating out would account for the biggest share of their spending, while one in eight plan to fork out the most for excursions.

Back to blog home


All content is for informational purposes only and is the opinion of the author. Nothing on this website should be interpreted as "advice". Money Dashboard Ltd make no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions or any damages arising from its display or use.

Related articles

Download app
Important Information: Money Dashboard Neon and Classic mobile and web apps are now closed as of 31/10/2023. Please see our FAQs for more information.