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Brits plan more holidays as airfares tumble

Published 22/07/2024, 15:15
© Reuters.  Brits  plan more holidays as airfares tumble
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Proactive Investors - A third of people in the UK are planning an overseas getaway plus a break in the UK as well, a new survey by American Express (NYSE:AXP) found.

Costs for the two trips will be £2,804 across the summer on international trips with a further £1,754 on the trip in the UK.

Around two-fifths are going to up their spending when abroad the survey found, while a similar fraction plan to make two international trips.

Domestic holidays are especially popular with the young with just under two-thirds of 18-34-year-olds panning a staycation either in a city for a break or else to traditional holiday spots in Wales, Cornwall, the Lake District and Devon.

Separately Ryanair (LON:0RYA) today said that airline fares had dropped 15% in its first quarter to the end of June.

Boss Michael O'Leary added he expects fares in the current key summer quarter to be "materially lower than last summer", having previously expected them to be flat or modestly up.

Read more on Proactive Investors UK

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