Confident Brits are preparing to splash out more while on holiday this year, according to survey figures published yesterday.
Of over 2,000 holidaymakers surveyed by Sainsbury’s Travel Money, 33 per cent said they were planning to spend more abroad this summer, compared to 12 per cent who said they would spend less.
Travel agents had a similar outlook, with 73 per cent of them expecting UK tourists to take advantage of the strength of sterling to spend extra abroad.
A pound is currently worth €1.44 – its highest level in just over six years.
Meanwhile, the consumer confidence index from Yougov continues to hit relatively high scores.
“Consumer confidence appears to be increasing, this coupled with the fact that sterling is worth more against the euro than last summer, could explain why many people could be planning to spend more time and money on their summer holiday this year,” said Simon Taylor, head of Travel Money in Sainsbury’s Bank.