News More Brits prepared to splash out while on holiday this year

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More Brits prepared to splash out while on holiday this year

Over a third of British holidaymakers travelling on flights abroad this summer intend to spend more money on their break.

Over a third of British holidaymakers travelling on flights abroad this summer intend to spend more money on their break than they did last year.

This is according to new YouGov research commissioned by BreadFX, which discovered that 35 percent of Brits embarking on a break are planning to splash out compared to last summer’s holiday.

A further 43 percent said they plan to spend the same, while just 13 percent are intending to spend less – despite the slow rate of economic growth.

Paul Swinton, BreadFX’s chief executive officer, said that one of the best ways of saving money abroad is by examining the cheapest ways to buy foreign currency.

"Exchanging at the airport or abroad usually will not give you the best deal," he commented.

According to BreadFX, UK residents make approximately 42 million business and leisure trips to eurozone countries every year, spending some £18 billion worth of euros.

Separate research from the Post Office revealed that Brits will spend £3 billion using their credit cards abroad between now and the end of the year.

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