Amid soaring mortgage costs and stubborn rates of inflation, clients have not been deterred from splashing their Covid savings on trips abroad after two three of disrupted travel plans, with Nationwide’s latest consumer spending report suggesting consumers will “throw caution to the wind” and spend nearly £1,500pp on holidays this year.
Trade optimistic for summer — but stats show less people have booked than this time last year...
Operators
Will Payne
20 June 2023
Value-conscious consumers will defy the economic downturn and continue to spend this summer, driving a strong lates market – with short-haul, mid-haul and cruise leading the way at the expense of long-haul.
“Even in a climate where affordability is under pressure, there will be winners.”
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