27 Jul 2018 With holiday season upon us, Debenhams Personal Finance have conducted research on consumer holiday spending, to see how our holiday habits have changed over the years.
A survey commissioned by Debenhams Personal Finance found that the nation isn’t as good at sticking to a strict holiday budget in 2018, compared to previous years, with the nation splashing more cash on a trip away. In 2017, over a third of us claimed to stick to our original holiday budget, compared to just over 10% today.
The study also revealed that nearly half of Brits are now converting more travel money when going on holiday with 73% feeling that holidays abroad are even more expensive in 2018. This year, 40% of Brits claimed to have converted up to £500 for a week away, compared to just 27% in 2017.
Akhil Shah, spokesperson for Debenhams Personal Finance, said: “There are many ways in which you can be savvy with your holiday spending, especially when it comes to finding the best travel money rates. Travellers should take the time to research the best exchange rates on the market to ensure you are maximising the best deals. Don’t leave purchasing your travel money to the last minute as you won’t have the choice and are likely to be out of pocket!
“We have over 100 travel bureaus across our UK Debenhams stores where customers can benefit from competitive travel money rates and also host regular rate sales throughout peak travel periods, allowing customers to get more bang for their buck, helping to keep the overall cost of their summer holiday down as much as possible.”
When purchasing Debenhams Travel Money, customers will also be treated to a £5 voucher off any £20 to spend in store or online. All customers who return to store with spare spending money will receive an extra 20% when loading their leftover currency onto a Debenhams gift card.
For more information on Debenhams Travel Money, visit http://finance.debenhams.com/travel-money/.
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