UK holiday demand may have peaked amid cost of living squeeze, says travel industry
A new report from Abta suggests that the post-pandemic surge in UK holiday travel may have peaked due to the ongoing cost of living crisis. While travel numbers remain high, consumers are increasingly prioritizing budget-conscious decisions and shorter trips.
Why it matters
It reflects broader economic trends where discretionary spending on leisure is being squeezed by inflation and financial uncertainty.
Nova Icaria beach in Barcelona. The number of British holidaymakers who said they visited Spain was up four percentage points to 36% this year. Photograph: Owen Humphreys/PA Nova Icaria beach in Barcelona. The number of British holidaymakers who said they visited Spain was up four percentage points to 36% this year. Photograph: Owen Humphreys/PA Travel & leisure UK holiday demand may have peaked amid cost of living squeeze, says travel industry Spain remains most popular destination as Britons book later in hope of better deals, Abta report finds
Prefer the Guardian on Google The UK’s cost of living squeeze means fewer people plan to ringfence money for holiday abroad next year, the travel industry warned on Tuesday.
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