Less than a third of tourists stick to holiday budget, study shows
Holidaymakers who set a budget for their vacations don’t manage to stick to it, recent survey has found. Less than a third (31%) of tourists stuck to budget for their last trip.
A poll, which surveyed 2,081 UK adults, for Post Office Travel Money, revealed that the average overspend per couple was £212.
Although many people didn’t have enough money for past trips, just 11% of those planning a foreign holiday this year intend to increase their budget, bt.com reports.
According to holiday makers, Mainland Spain, the Balearic Islands and Turkey offer the best value out of 16 popular destinations.
On the other hand, travellers say they get the poorest value for money in Dubai, France and Italy.
“One in six complained about the charges they incurred by using plastic to get cash from an ATM abroad. Another one in six felt ripped off by charges made on credit and debit card payments in shops and restaurants. But the cost of meals and drinks can be a bigger pitfall. That’s why it is surprising to find that holiday makers choose destinations where resort costs are pricey,” Andrew Brown, of Post Office Travel Money, said.
Despite the perception of France and Italy offering poor value for money to UK visitors, the research found that 24% of holiday makers are planning a trip to Spain, followed by 18% crossing the Channel to France and 17% heading to Italy.
According to Andrew Brown, the latest research findings suggest travellers start with good intentions by setting a budget but then let go of the purse strings once they reach their resort.
“Careful budgeting will save money in the long run because there are so many ways in which tourists can fall prey to the holiday money trap,” he added.