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Holiday intent strong but price hikes impacting people's plans

Economy
Ilaria Grasso Macola
28 June 2023

Holiday intent remains strong among Brits, but price hikes are starting to have a significant impact on people’s summer plans, according to new research. 

Beach Umbrella Parasol Summer (Credit: Kevin Borrill / Unsplash) kevin-borrill-IEGWHoS2wY4-unsplash.jpg

Consumers are putting more faith in agents and the package holiday, Barclays says (Credit: Kevin Borrill / Unsplash)

Nearly two-thirds of UK consumers (64%) will go on holiday this summer, according to new data from KPMG, with 41% poised to holiday in the UK with 29% planning to head abroad.

A third of consumers, meanwhile, told KPMG their holidays will be more expensive due to a surge in travel prices, while 14% of respondents to the poll of 3,000 consumers said they had been forced to rein in their travel plans due to household bills pressure.

In total, more than a third of respondents (36%) said they would not be taking a summer holiday.