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Value for money 'driving booking decisions', research claims

Domestic
Will Payne
24 March 2022

Cost pressures being felt by the consumer has driven an increase in bookings for domestic holidays and value for money trips, according to new statistics.

Rising costs featured in more than 66% of the warnings issued by companies in the sector in Q3 2022

Latest data from BVA BDRC found 80% of leisure guests had already booked a domestic stay, or were highly likely to, in the January peak period as opposed to foreign trips. 

The research firm said the domestic leisure market has "dominated the sector" during the pandemic, with an average of 3.8 leisure trips taken over the past two years, against 1.3 domestic business trips. Beach and resort breaks were popular, as more exotic climates were unavailable.

The firm’s hotel guest survey claimed consumers are becoming "more comfortable" with the idea of booking an international holiday, but nearly twice as many adults booked a UK holiday during January.