Credit crunch could lead to greater holiday risks
More than half of British holidaymakers (51%) said that travel insurance could fall off their list when planning their holiday this year as they feel the pinch of the credit crunch, according to new research out today.
Norwich Union (NU) conducted the research to explore how the economic downturn was impacting Britons' summer travel plans. The research also found that more than half (58%) would take fewer holidays this year, and three in four were planning to take breaks in the UK rather than abroad over the course of the year in a bid to reduce holiday costs.
Other key findings included:
• 33% of Brits plan to holiday only in the UK this year
• 13% of Brits are planning fewer trips to Europe than in 2007
• 8%
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