Britons 'not willing to sacrifice summer break'

Industry analysts have noted that global economic problems are not impacting on the world's tourism industry.

According to the Association of British Travel Agents, countries such as Spain remain as popular as ever, even though a holiday in the country is now more expensive as a result of the weak pound.

Frances Tuke, spokesperson for the group, added that the credit crunch has also not deterred prospective holidaymakers from booking trips abroad.

She said there is a historical precedent for this, as people tend to be unwilling to give up a trip overseas even amid times of economic turmoil.

Ms Tuke commented: "We know from previous recessions and difficult times that holidays are the last things that people are prepared to give up."

She added that eurozone nations have not been hit by falling demand in the wake of recent currency fluctuations.

This comes after Reuters cited official figures showing that during the first quarter of the year, Spain attracted 10.6 million holidaymakers.