Survey for ING Direct finds domestic tourism hit hardest as families strive to balance their household finances
Nearly 40% of Britons will stay at home this summer rather than take a holiday as families strive to balance household finances, a study has revealed.
The findings show increasing numbers of people are forfeiting traditional breaks, with domestic tourism taking the greatest hit.
Those who do go away are likely to rein in their spending and will have saved for the trip in advance rather than relying on credit cards, the survey showed.
The poll of 2,000 people, for savings bank ING Direct, revealed the number of Britons taking a summer holiday has fallen sharply in the past three years.
Around 20% of people consulted said they had already put money aside and 36% said they would save up for the expenditure rather than use a credit card.
Source: http://www.guardian.co.uk/travel/2011/jun/20/britons-stay-home-summer-holidays
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