Holidaymaker confidence low but appetite for travel high
New research reveals that 84 per cent of people are still planning breaks away over the next 12 months and holidays top the list of things that people are saving for, but 20 per cent of us are less confident about travelling than we were a year ago.
The research by UK travel insurance provider, Post Office Travel Insurance, suggests that because holidays are so important to the UK, we are becoming savvier about protecting ourselves. More than half (55 per cent) of holidaymakers surveyed said that having adequate travel insurance or ATOL protection would make them feel more confident about going away.
Travel companies going bust has become a worry for 40 per cent of holidaymakers, with a third (35 per cent) concerned about airline and airport strikes and 30 per cent worrying about extreme events such as earthquakes or volcanic ash clouds.
When it comes to the type of holidays people are planning to book, 39 per cent plan to book UK breaks, 33 per cent city breaks, all inclusive packages (31 per cent) and independently booked holidays (29 per cent).
Rachel Croft, Head of Post Office Travel Insurance, said: "We have experienced unprecedented disruption this summer but it’s positive to see that there is still an appetite for travel. While we cannot always control or predict events, we can take measures to protect ourselves. It is encouraging to see that consumers have become more aware of the risks associated with travelling and as a result, are more likely to take the appropriate precautions to minimise disruption.
"Ensure companies you book with are ATOL protected where possible and for added protection use a credit card for booking so you are protected under the Consumer Credit Act. If booking flights and accommodation independently, purchase an insurance policy with end supplier financial failure cover, as smaller independent companies are less likely to be protected by ATOL. People should also be aware that even if they are holidaying in the UK, they should still take out insurance so they are covered for things like cancellation, delay and baggage."
Top tips for travelling with confidence:
Book with an ATOL protected travel company where possible, this will usually be indicated on the company website or brochures but you can check on the ATOL website at caa.co.uk
Book your holiday on a credit card for protection under the Consumer Credit Act
If taking a credit card abroad, ensure its 0% on foreign transactions so you don’t get hit with fees and charges but can withdraw money securely
If booking accommodation and flights independently, ensure you take out an insurance policy with end supplier financial failure
Check your travel insurance policy small print as levels of cover vary between providers
Research local laws and customs before travelling to avoid breaking the law or offending
Post Office Travel Insurance has launched a Premium policy with financial failure cover for end supplier failure for example, if your hotel or car hire company at your destination becomes insolvent and doesn’t have ATOL protection. The policy also includes scheduled airline failure and offers more comprehensive personal belongings and cancellation cover.