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Millions of Brits holiday at home this bank holiday
Friday, August 22, 2008
It’s the final bank holiday of the summer and 10.8 million Britons1 are planning on travelling within Britain. Around half (48 per cent or 4.9 million) will enjoy a holiday here in their own country.

Tom Wright, chief executive of national tourism agency VisitBritain, which released the figures, says: “It looks like all-round good news for Britain this month with Team GB success in Beijing and a triumph for Destination GB as well. Whatever happens with the weather, there is plenty that can be enjoyed on along the coast, out in the countryside or on a city breaks, whatever your age, interest or whoever you’re with.”

The news follows reports that Britons are rediscovering the delights of a domestic break. This summer, Travelodge, Pontins, Hoseasons and Lastminute.com have all reported increasing interest or bookings from British travellers for British destinations.

Grant Hearn, Chief Executive of Travelodge, said:

“A combination of factors has led to many Brits choosing to stay at home and rediscover the more traditional holiday locations this summer. Our seaside hotels have done roaring business, with locations such as the Lake District also performing exceptionally. Within our shores are countless attractions and locations that offer a great value day out and I am sure that all across the UK families are going to have a wonderful Bank Holiday.”

Theodore Koumelis - Friday, August 22, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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