Holidaymakers in the UK are more likely to book flights abroad to escape the "doom and gloom" surrounding the economy, according to the Association of Independent Tour Operators (AITO).
Ian Bradley, public relations officer at AITO, said that people also viewed their annual break as a necessity rather than a luxury, and were, as a result, unlikely to give it up.
"I think in this climate there’s enough worry out there regarding redundancies, interest rates, house repossessions and all sorts of things – people just feel the need to get away," he said.
Mr Bradley added that more people were prepared to put money away to book their summer flights "no matter what".
A recent poll by moneysupermarket.com showed that nearly a third (29 per cent) of Brits were considering booking flights outside of Europe because of the poor exchange rate.
Further research from ebookers.com revealed that half of UK residents were not prepared to give up their annual holiday despite the effects of the credit crunch.