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Credit card charges: Money worries ruining holiday plans

Money worries are ruining people's holiday plans, with a fifth of people planning to forego a trip overseas this year, research has revealed.

AA Travel Insurance has found that 40 per cent of people say they cannot afford to go on holiday this year or that the economy has discouraged them from booking an overseas trip.

It also found that 21 per cent have already given up on holiday plans altogether.

Of those who are still planning a trip abroad, 47 per cent said that the economic situation has affected their travel plans.

Mark Huggins, director of AA Financial Services, said: "Our research suggests that a large number of people who normally take an overseas holiday are having second thoughts while those who are continuing with their holiday plans are counting their pennies."

He added that he is "particularly concerned" that one in four people say they will not take out travel insurance in a bid to save money.

Findings revealed that 22 per cent of Brits are planning a staycation this year instead of going abroad.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.
 ADNFCR-2776-ID-800337927-ADNFCR



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