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Brits to spend £22.1 billion on getaways in 2012

By Tom Farley, Wed 18 Jan 2012 - Published in Travel Insurance

British holidaymakers will spend £22.1 billion on getaways this year with the average person booking a break at a cost of £765, according to new research.

Sainsbury's Travel Insurance suggests that 28.9 million Brits will escape the rat race this year but found that 78 per cent of people are looking to cut the costs of their holiday.

Of the 45 per cent planning a foreign holiday, 13 per cent said they would be staying with friends or family in a bid to save money on expensive hotels. In contrast only ten per cent of people were looking at all inclusive deals with a further 12 per cent looking to book a self-catering holiday.

David Barrett, Sainsbury's travel insurance manager, said: "It appears that more people will delay booking their holiday this year, presumably hoping to secure a better deal and the majority of us are aiming to reduce our spending money too."

Moneysupermarket.com recently revealed that 30 per cent of Brits planned to take a holiday in the UK in 2012 ahead of Spain and the US in second and fourth respectively.