There has been a huge increase in the number of holidaymakers booking late summer breaks this year.
This is according to new research from LateRooms.com, which revealed that almost half (47 percent) of British adults are adopting a ‘fun now pay later’ approach while on holiday.
The poll suggested that many people booking flights abroad are not worrying about their finances while in another country, with 57 per cent saying they spend more freely while outside of the UK.
One in ten admitted to operating a ‘positive mental exchange rate’, which involves rounding costs up or down to make thing appear more affordable.
LateRooms.com’s Jessica Reading said that larger numbers of people want to escape their finances "for a while".
"We’ve found that holidaymakers are actually becoming increasingly savvy bookers, saving themselves lots of money by finding great travel and accommodation deals," she said.
"This means that splashing out while away suddenly becomes more affordable, which makes for even better breaks."
Recent research from the Association of Independent Tour Operators revealed that Brits are more optimistic about next summer’s holiday plans compared to this year.