Belying any suggestions that travelers were still tightening their belts when it came to planning for holidays, a new study has found that in fact most vacation budgets will increase in 2012.
According to the Wyndham Hotel Group study, 70 per cent of travelers worldwide said they would spend the same amount or more on vacations this year as they did last year, with 35 per cent admitting to likely spending more.
With deeper pockets, more than half (52%) of US travelers said they intended on spending any extra money on extending their vacations, while two-thirds (66%) of Chinese travelers confessed to doing likewise.
Accommodation costs aside, American (37%), Canadian (36%) and Chinese (42%) travelers will spend the majority of their budgets on entertainment and excursions, while British (37%) and Brazilian (40%) travelers will opt to fork out more on dining and shopping.
Of those who were looking to cut back on spending, only 24 per cent said they would give up vacationing to do so, with US respondents placing the most importance on travel, putting it last on their list of items they would be willing to do without.
The Wyndham survey polled over 5,600 adults in key cities throughout the United States, Brazil, Canada, China, and the United Kingdom.
Friday, 6 July 2012
Vacation spending wending its way up: survey
Source = e-Travel Blackboard: M.H