A CAP survey into the holiday habits of Brits also found that more than half (53%) of all Brits confessed to finding themselves in financial difficulty in the period following their holiday, whilst a third admitted that they do not save to go away.
Despite the global credit crunch, many holidaymakers show no sign of reining in on their spending whilst away. The CAP survey found that nearly a quarter (24 per cent) of the 334 people polled had no spending plan during their holiday and that many were forced to cut back on their spending when they returned because money was tighter.
When it comes to money-saving, people are more likely to head abroad, according to the survey results. Almost half (47 per cent) of those polled said they thought staying in the UK was the most expensive holiday destination, above a number of European countries, including France, Italy and Greece. Spain was voted as the least expensive, with only 1 per cent of people thinking it would cost the most to holiday there.
