British holidaymakers are waiting until the last minute to book their flights abroad, according to Visa Europe.
Fiona Wilkinson, Visa Europe’s vice president, said that concerns regarding the weak pound "could be discouraging many people" from booking their holiday at the normal time.
"Holidaymakers could be either waiting until the last minute and hoping to find cheap deals or are willing to stay at home this year instead," she commented.
Figures from Visa Europe revealed that the number of transactions at travel agencies and tour operators remained static, while the amount spent decreased by two percent.
January and February traditionally experience a sharp increase in holiday bookings when compared to previous months, although this has failed to materialise this year.
ABTA – The Travel Association recently said that holidaymakers should not be alarmed by further company collapses in the holiday market.
Freedom Direct became the latest company to fold as a result of the recession.