Britons splashing the cash on holiday

Britons are spending more money abroad than ever before, as the holiday season kicks into full swing.

New figures released by the Office for National Statistics reveal holidaymakers spent £3.3 billion in May, representing the highest figure for the month since current records began back in 2007.

Some 6.1 million overseas trips were made during the month, up 8% year-on-year, with Britons eager to get away from the daily grind, whether jetting off for a weekend city break, or a week on the beach.

The average holidaymaker now spends £541 while abroad, around £50 more than eight years ago.

Since the financial crash of 2008/09, the total amount spent by Britons overseas has risen by 22%.

Britons are on course to make in the region of 65 million trips to foreign destinations this year, up from 60 million in 2014.

If so, it would mean more UK residents heading abroad than in any year since 2007.

Trips to North America continue to grow in popularity, with the number of visits rising by 8% in the past 12 months.

Getaways to Europe jumped by 5%, while holidays to other countries increased by 4%.

 

Britons splashing the cash on holiday | iceplc.com | © Press Association 2015