A Halifax survey from last month revealed that, while on holiday, the average expenditure for the British household shot upwards to £376.74.
Richard Washington, of Halifax Credit Cards, helpfully advised everyone to take this into account while budgeting, but recent research from ABTA the Travel Association states that holidaymakers can offset some of this cash by being savvier about when they book their breaks
How important is the planning process when you book your holiday? Is it a task that you put off every weekend until your partner forces you to sit down in a chair in front of a laptop, or drags you to the travel agents? If so, you could be missing out on savings by booking whenever the idea floats to the top of your brain.
According to ABTA's figures, 34 per cent of consumers booked their holidays earlier this year, and 68 per cent of them said they did so in order to get a better deal or a cheaper price.
Three quarters of those who took this measure were 15-24-years-old, indicating the desire to keep prices as cheap as possible among young people, but with household spending gradually inching up, more households will surely want to take advantage of this measure.
However, a significant proportion of participants (26 per cent) in the survey also said that they'd booked their holidays much later this year, but the motivation was once again strictly down to money-saving as they hoped they'd strike a last minute bargain.
So whether you're contemplating dashing abroad for some winter sun just before Christmas, or if you want something to look forward to for next year, you now know when to book in order to make maximum savings.
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