More than half of Brits are intending to take a holiday abroad this year despite the effects of the credit crunch, a new survey has revealed.
Some 54 percent of those surveyed by Tesco Travel Money said they would be seeking warmer climes overseas, while nearly one-third (29 percent) said they were planning on taking at least two holidays abroad.
Despite the relatively high figure, booking flights to bargain destinations emerged as a priority, with 34 percent of travellers saying they will spend less money on this year’s excursion compared to last year.
A further 12 percent said they were planning on spending "significantly less" than last summer.
It was also revealed that, while people in the Midlands are the nation’s top bargain hunters, Londoners were the most likely to spend more on their 2009 trip.
Of those flying abroad, more than half (54 percent) said they would cut back on the cost of food and drinks, while 43 percent will spend less on gifts and duty free items.
Exactly a third of those polled are planning on avoiding eating out completely by booking a self-catering break.
According to aviation data business OAG, the world’s airlines have scheduled five percent fewer flights this month compared to May last year.