British tourists cut back on holiday spending

New research has revealed Britons are cutting back on their holiday spending as a result of the recession.

Holiday-Rentals has discovered that the average holiday in 2009 will now cost a family 2,092, a decrease of 259 from 2007.

The biggest cuts are in travel and accommodation costs, which dropped 82 and 63 respectively from 2007 levels to 545 and 461 in 2009.

Courtney Wylie, managing director for, said this shows how the credit crunch is "taking its toll" on people from the UK.

"Rather than missing out on the family holiday altogether, our research proves that people are simply cutting back on some of the costs so they are still able to go away," she added.

The same research also showed 67 per cent of Britons were trying to cut holiday costs, with 40 per cent choosing to remain within the UK as a cash-saving measure.

However, holidaymakers travelling abroad, including the over 50s, could be boosted by the news the pound has jumped in value against both the dollar and euro.

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