Wednesday, 18 January 2012 6:08 PM
More than three-quarters (78 per cent) of British travellers are planning to cut costs and spend less during their holidays this year, according to new research.
Sainsbury's Travel Insurance commissioned a survey which found that nearly 29 million people will be spending some £22.1 billion on trips away in 2012, with the average individual forking out £765 for each getaway.
Of the 45 per cent of respondents planning a foreign holiday, 13 per cent will save money by staying with family and friends abroad, while 12 per cent are planning to book self-catering accommodation.
One in ten (ten per cent) travellers are considering all-inclusive packages, according to the poll, while 17 per cent will stay in a hotel.
An increasing number of consumers appear to be leaving their bookings until later in the year, with 6.8 million people planning to make their arrangements before the end of February 2012, compared to 13.4 million in the same period last year.
Sainsbury's Travel Insurance manager David Barrett said: "Our research suggests that even though a number of us may be aiming to stick to a strict budget … people are still finding a way to ensure they have a nice break - whether it's in the UK or abroad.
"It appears that more people will delay booking their holiday this year, presumably hoping to secure a better deal and the majority of us are aiming to reduce our spending money too."
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