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Travelex reveals DIY breaks sound death knell for package hols

travelexA survey conducted by Travelex has revealed that 85 per cent of Britons will be booking the different parts of their overseas holidays separately in 2016. Despite the fact that package and all-inclusive deals take the pain out of holidaying, quiz respondents said choosing and booking the segments themselves provided much more freedom to do what they wanted.

The study also revealed that Britons spent up to six months, and at least three months, saving for their main summer holidays. The average budget per person for the holiday was £1,000.

The foreign-currency exchange firm quizzed 2,000 people as part of its History of the Holiday programme to celebrate the 40th anniversary of its founding by Lloyd Dorfman. The trend of people planning holidays abroad by themselves is a complete reversal of the 1960s and 1970s when package holidays were all the rage.

The research team noted that more disposable income and a better economic environment allowed holidaymakers to tailor vacations and activities to suit their schedules and particular interests. Travelex UK’s retail-manager Elvin Eldic commented that holidays had evolved from day excursions to the seaside to exotic foreign odysseys and adventures halfway across the world.

He noted that people were ambitious nowadays and were willing to do the planning and spend the money required to create holidays with a difference. Half of the people who took part in the survey said they believed holidays in space would be a possibility inside the next 100 years.

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