UK holiday demand may have peaked amid cost of living squeeze, says travel industry

Britons are booking summer holidays later in the year in search of cheaper deals amid the UK’s cost of living pressures, according to a new travel industry report. While demand has rebounded to pre-pandemic levels this year despite challenges like geopolitical conflicts, wildfires, and stricter border controls, experts warn rising expenses could reduce future travel plans. The report suggests that financial constraints may have pushed holiday spending to its peak for now. Spain continues to top the list as the most popular destination for British travelers.

Spain remains most popular destination as Britons book later in hope of better deals, Abta report findsBusiness live – latest updatesThe UK’s cost of living squeeze means fewer people plan to ringfence money for holidays abroad next year, the travel industry has warned.Despite war, wildfires and EES border checks, the numbers of Britons taking holidays climbed back to pre-pandemic levels this year – but rising costs may mean the numbers have peaked, according to an annual travel industry report on Tuesday. Continue reading...