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Credit crunch 'will cause drop in short breaks'
01 September 2008
People will cut back on their short breaks as the credit crunch bites, it has been claimed.
Travel expert Bob Atkinson of Travelsupermarket.com said rising costs and less disposable income would cause people to take fewer short breaks.
But he added that people are determined to take at least one holiday a year.
Mr Atkinson said that while people may once have taken several short breaks in addition to a fortnight away, there would be fewer such mini-breaks throughout this winter.
He said such trips "suddenly look a lot more expensive" due to increased air fares and accommodation becoming more expensive "because of the euro versus the pound".
"Those kinds of things aren't quite the deal they maybe seemed they were," he observed.
A survey by TNS for Travel Weekly showed that 43 per cent of people are taking fewer breaks than in previous years.
This has been blamed on a lack of available deals, rising fuel costs and the strength of the pound.
