Sunday, 22 February 2015
Over-50s are big holiday spenders
Over-50s now account for more than half the money spent(54%) by UK residents on travel and tourism, new research suggests. In 2012, the last year for which figures are available, they splashed around £25 billions on package holidays in Britain and abroad, accommodation, spending while away and travel insurance. That was up £6.3 billions over ten years after taking inflation into account. The proportion is unlikely to have fallen significantly in the past two years. The research, published by Saga, is an analysis by Cebr of data from the Office for National Statistics and the Cruise Lines International Association. It also suggests the proportion of Britons travelling by air starts dropping after they reach 50. So though many have the money, it seems we become less tolerant of the airport hassle. But the proportion going by sea rises, reflecting strong demand for cruises and – probably – an increased propensity to take the car ferry.