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Overseas holidays 'outshining' staycations as consumer confidence 'picks up' – Barclays

Economy
Rob Gill
7 May 2024

Travel outperformed most other parts of the hospitality and leisure sector in April as more customers booked overseas breaks to escape the cold and wet weather in the UK, according to Barclays’ latest analysis of monthly spending.

Agent Agents Agency trainee recruit apprentice family iStock-1338043681 (Credit: iStock)

There was a 14.4% increase in travel agent transactions in September, according to Barclays (Credit: iStock)

The bank’s card transaction data shows that overall spending on travel rose by 5.8% year-on-year during the four weeks from 23 March to 19 April, compared with the corresponding period in 2023. This was well above overall consumer spending growth of just 1.6%.

The number of travel bookings also increased by 6.5% year-on-year with the sector being boosted by the Easter holiday falling during this period.