UK consumers cut back on travel spending in April as ongoing geopolitical tensions and cost-of-living pressures dampened booking confidence, according to the latest Barclays Consumer Spend report.
Travel spending in April dipped again, according to Barclays' latest monthly spending data (Credit: iStock/ urbazon)
Travel spend declined by 5.7% year-on-year during the month – a deeper slowdown than March’s 3.3% drop – while airline spending dipped 8.3%.
Travel agents also saw spending fall by 7.5%, despite transaction volumes increasing 5.9%, suggesting consumers are continuing to shop around for value and spread payments more cautiously.
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