We’re Not All Going On A Summer Holiday

42% of the UK public can’t afford to head off on holiday this summer, while 40% of those who can, will be opting for a staycation in order to keep costs down.

This could suggest that home improvement budget belts will continue to be tightened – or it could herald a period of enquiries being made for those who realise a bright airy home helps to cushion the blow when you can’t get away.

It, of course, also means that 58% of the country still has money to spend.


Cutting out the booze

The 42% figure comes from a survey commissioned by finance expert RIFT which highlights how the high cost of living is still impacting many households, particularly when it comes to non-essential spending.

41% have had to save more than usual in order to afford a summer getaway, with 45% having to also put more thought into saving with respect to their holiday spending money.

Furthermore, 46% will be spending less in general while on holiday due to financial constraints.

When asked how they will cut back on costs to save money while on holiday, eating out and retail purchases topped the table.

Excursions and evening entertainment also ranked high, as did drinking alcohol.

Bradley Post, MD of RIFT, says: “As a nation, we love a summer holiday and for many of us it’s the one time of year we look forward to. Unfortunately for a large proportion, the ongoing high cost of living has put a hold on any plans of a summer getaway and many more are having to cut back on costs if they do plan to get away.”


Last minute deals

For installers who would still like to take a break during one of the busiest times of the year but are also looking at costs, Post says: “While it’s probably too late to save money by pre-planning a getaway, you may find that it pays to be impulsive by opting for a last minute trip which could dramatically reduce travel costs.

“Of course, you may need to think a little outside the box and opt for a less popular destination, fly at less convenient times and be more sensible when it comes to how often you eat out, how much you drink and what mementos you bring back.”


Picture: No holidays or less expensive trips are on the cards for hundreds of thousands of Brits.


Article written by Cathryn Ellis
25th June 2024


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