Brits Want To Cut Their Holiday Costs

January and February are traditionally key months for booking holidays, banishing those winter blues. This year though Brits are trying to cut their holiday costs to save money.

Travel InsuranceResearch from Sainsbury’s Travel Insurance reveals that nearly 29 million Brits plan to spend just over £22 billion on holidays this year – an average spend of £765 on their holiday alone.

With many much more cost conscious this year, nearly 80% of those taking a holiday in 2012 are actively seeking ways to cut the cost and intend to spend less than in previous years.

Some 16% of Britons have already booked their holiday although far less are planning to book by February than is usually the case.

As David Barrett, Sainsbury’s Travel Insurance Manager commented: “It appears that more people will delay booking their holiday this year, presumably hoping to secure a better deal.”

And added: “We would also encourage holidaymakers to carefully consider their travel money and travel insurance and shop around for the best value for money without forfeiting quality.”

“Good quality travel insurance will give you peace of mind that your possessions, holiday costs and healthcare needs are covered in the event of unexpected mishaps. Also, organising your travel money before you go means that you have one less thing to worry about, and are fully prepared when you reach your destination.”

MoneyHighStreet comments: “Picking up on the point re buying travel insurance, we absolutely agree with David, it is very wise to consider travel insurance and money needs.

“As with any insurance, when you buy travel insurance you need to ensure you get the best cover to suit your needs. Think about the number of trips you are likely to take in a year and if need be look at buying annual cover.

“Even though most do intend buy travel insurance, many delay doing so until near the time of travel. You should really buy it though at the time you book your trip – our article ‘When should you buy travel insurance‘ explains.”

Sainsbury’s Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.

Sainsbury’s multi-trip travel insurance offers:

  • Up to 25% discount when you apply online – terms and conditions apply
  • Take any number of trips per year – up to 60 days per trip
  • Travel disruption cover, which includes scheduled airline failure cover, is included with the Standard option of a Sainsbury’s Travel Insurance policy.
  • Tailor your medical care to meet your needs.

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