Holidaymakers slash back on trips abroad amid uptick in costs

Brits seeking cheaper getaways as families feeling the squeeze

- 

Holidaymakers are trimming their budgets this summer and looking for ways to make their money stretch further amid economic and political uncertainty and worries about rising living costs, research suggests.

Four-fifths (83%) of people aim to cut back on their travel spending this summer, research for home-swapping platform Kindred found.

One in eight (12%) said they have managed to cut some of their holiday costs so far.

Among those who have saved money, a fifth (22%) were worried about ongoing political or economic uncertainty, two-fifths (40%) were concerned about the increased cost of living, a third (36%) were worried about rising travel costs and three in 10 (30%) were motivated to save on holidays by having less disposable income.

Meanwhile, one in seven (14%) said they would be willing to skip going on holiday altogether.