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Credit crunch 'not impacting on tourism'

Article Date : Thursday, March 13, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The impact of the global credit crunch is not putting people off booking holidays abroad, new research has revealed.

According to TNS Travel and Tourism, millions of leisure travellers from the UK are still preparing to make their annual trips abroad, reports Travel Weekly.

This is despite people's finances being constrained by the slowdown in the worldwide economy, which has led to fears of a possible recession.

Since one in five people said they plan to have more than two holidays this year, this suggests that consumers have made a trip abroad one of their financial priorities.

Tom Costley of TNS commented: "This data highlights a number of trends that suggest the UK holiday market appears resilient in the face of the economic downturn."

Countries along the Mediterranean coast were found to be especially popular locations, with 27 per cent booking a week-long stay in places such as Italy, Spain and Turkey.

This comes after Murat Dedeman, head of the Turkish Tourism Investors Association, told Reuters that holidays have become a "necessity" for many people.
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