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Holiday spend expected to top £40 billion next year

Destinations
James Chapple
25 October 2021

Holiday spend is expected to top £40 billion next year as people make up for holiday time lost to the pandemic.

Spain flag (Credit: Filip Sochor / Unsplash) filip-sochor-IVCel64h7gs-unsplash.jpg

(Credit: Filip Sochor / Unsplash)

A new survey by American Express found more than half of Brits are already planning an overseas holiday next year.


One in five have already started booking for 2022, the company’s poll of 2,001 UK adults found.


Respondents, on average, said they expected their holiday to set them back £1,567, with more than a fifth (21%) indicating they plan to spend in excess of £2,000 on a getaway.


More than a quarter (27%) said they anticipated spending more on their holiday this year and they did last year.


Nearly half (48%) said they were willing to spend more because they’ve missed travelling abroad, while 29% said it was to treat themselves.