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Households defy credit crunch to go on holiday


Despite current economic conditions and rising levels of debt, many people continue to take holidays, it has been claimed.

However, according to Bob Atkinson, travel expert with travelsupermarket.com, some people are cutting back on the number of breaks they take.

While those unaffected by the credit crunch continue to take long holidays and short breaks, Mr Atkinson said others are reducing their holiday spending.

"Those with budgets or those who have to be a bit more careful are still taking their main break, but they might be cutting it down to seven days or ten days as opposed to a full two weeks," he commented.

Mr Atkinson said these people were also taking fewer "shorter city-type breaks".

A recent study by LV= found 71 per cent of parents said they were concerned about the condition of their finances, prompting 58 per cent of all adults to holiday in the UK this year.

The company claimed families could potentially save up to 38 per cent more when choosing the UK over Greece, Majorca, the Algarve and Italy.


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