Many Britons are set to splurge piles of cash saved during Covid restrictions on an international escape to signal the end of lockdown.
A survey of 2,000 people by travel insurance provider battleface found that while many adults have been saving more since the pandemic, more than 40 per cent are planning to spend more on holidays once international travel fully resumes.
Once abroad, spending will also rise with an average expected outlay of £585 per trip, although 36 per cent think they will splash out the same amount as pre-pandemic.
Many are looking beyond this year to plan their next trip abroad with 38 per cent already booked for 2022, with a further 28 per cent stating they would next be travelling in 2023.
Katie Crowe, director of communications for battleface, said: “It is clear that the pandemic has impacted how people want to travel in the future.
“Many Brits are uncertain about travelling abroad this summer and it is not surprising that many families are looking to 2022 and 2023 for their next trip. Families are choosing to save for future holidays, where they will want to spend more and stay away for a longer period.
“Regardless of how much people are planning to spend on their trips, they need to ensure that they have adequate travel insurance to protect them.
“Choosing the wrong policy could mean that their holidays end up costing much more than they had planned. battleface insurance policies remain valid regardless of changes in Foreign Office advice or any change in a country’s traffic light colour.”