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Brits not taking a break from holidays

British travellers are continuing to holiday abroad, with 46% planning to travel abroad as much as or even more frequently than they did five years ago.

That is according to research from Tesco Travel Money, which also found that 35% of holidaymakers plan to take a break in the next three months. The rate was even higher, at 42%, amongst 18-24 year olds.

Despite many households tightening their belts, the average annual outlay on getaways stands at £1,527 per person*, with the figure reaching £1,718 in the 55-64 year-old category. The age group spending the least was found to be 18-24 year olds, at £1,062.

After what’s been dubbed the UK’s coldest winter in years, it’s unsurprising that beach holidays remain the top choice of holiday, with 38% saying this is their favourite kind of trip. Also popular are European city breaks, the preferred getaway for 11% of those surveyed.

The exchange rate was also cited by almost half of Brits (49%) as having an impact on their choice of destination.

Doug Gowan, Head of Travel Money at Tesco Bank, said,

“Our market research has identified that although Brits are watching their spending, holidays abroad are still a priority for them.

“However, every penny counts regardless of the holiday budget, and holidaymakers should remember that the cost of obtaining foreign currency can vary.

“With plenty to prepare for a trip, from booking flights and hotels to packing, many holidaymakers will benefit from remembering to seek out a convenient and competitive currency deal. Tesco Travel Money offers 70 currencies online, over the phone and in-store at more than 200 bureaux.”

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

*of those surveyed that have been on holiday in the past 12 months.

Research was conducted by Vision Critical over 15th-18th March 2013 on a sample of 2,012 GB adults.

Tesco Bank was ranked joint No 1 in-store and high street foreign currency provider as voted for by consumers in a recent Which? survey (2 March 2013).

About Tesco Travel Money:

  • We offer Travel Money in 70 currencies, at competitive rates online and in more than 200 bureaux in Tesco stores.
  • Our bureaux are open seven days a week so customers can buy their travel money when they need to.
  • There is no cash advance fee and no handling fee if you buy Travel Money at our bureaux using a Clubcard Credit Card (excludes Tesco Business Credit Card). Buying foreign currency with a Tesco Clubcard Credit Card from Tesco Travel Money will count towards a customer’s cash limit but will be treated as a purchase transaction and will still be charged interest at the purchase interest rate.
  • Tesco Travel money is available online or over the phone or in store. Money can be delivered to the customer’s address or collected in store using the Click and Collect service. Exchange rates may vary depending on whether you buy over the phone, online or in store.
  • Find out more at the bureau or online at www.tesco.com/travelmoney
  • Tesco Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited. Registered no. 03797356. Tesco Travel Money ordered in store is provided by Travelex Agency Services Limited. Registered no. 04621879. Registered office for both companies: 65 Kingsway, London WC2B 6TD.

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

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