British peoples spending on holidays has risen by more than 50 per cent compared with the beginning of the decade, new figures revealed today.
The average British household is likely to fork out £1,801 on trips in 2007, a 52.6 per cent increase on the figure for 2001, says travel insurance company InsureandGo .
The insurance company also added that the total cost of holidays, including money spent whilst on holiday, was soaring by 8.92 per cent a year.
People from the capital are the biggest spenders on their travels and breaks away, averaging £1,965 a year on holidays between 2003 and 2006.
Those from the South East region were second in the list, averaging £1,617.20, with Yorkshire and Humberside residents (£1,424.80) making up the top three.
The least amount of spending was done by families and individuals from the North East of the country, who averaged £1,144 on their travels .
"Holidays are as popular as ever. As a nation we take well over 60 million trips abroad a year," said Perry Wilson from InsureandGo .
"Holiday inflation is probably being fuelled by the fact that many people now travel further for their holidays and take more adventurous, and therefore often more expensive breaks," he added.
Spending By British Tourists Rises
Wed, 21 Feb 2007
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