PRN: Britons Still Plan to Spend on 2012 Travel Despite Economic Woes
Britons Still Plan to Spend on 2012 Travel Despite Economic Woes
LONDON, November 10, 2011 /PRNewswire/ --
A Quarter of Brits Will Increase their Holiday Spend in 2012*
TripAdvisorÂ®, the world's largest travel website*, today reveals the results of its 2012 Travel Trends Survey - now in its fifth year. While the troubled economy is the most significant concern for Britons planning their 2012 holidays, travel budgets look set to remain healthy and tourism generally will be buoyant with two thirds (66%) of Brits planning to take between two and four leisure trips in 2012.
"This year's results demonstrate that while financial concerns are clearly front of mind, resilient Brits are not prepared to sacrifice their 2012 holidays," commented Emma Shaw, TripAdvisor spokesperson. "Brits are considering their holiday budgets carefully but crucially we still intend to spend on leisure travel, with the vast majority planning on spending at least the same as last year."
Healthy budgets despite worry
Despite concerns over the state of the economy, Brits are refusing to sacrifice their 2012 holidays and are spending accordingly, even if that means booking on credit.
Economic anxiety overtakes volcanic concerns
Concern over the state of the economy is the biggest worry for Brits in their 2012 travel planning, replacing last year's top concern of volcanic ash.
Olympics Has Little Impact on Travel Plans
With beautiful beaches, historic cities and stunning countryside on their doorstep, Brits are this year planning to take advantage of what's within their borders:
Foreign Travel Forecast
The TripAdvisor Travel Trends Survey revealed short-haul travel is expected to outpace long-haul travel by a larger margin in 2012 than it did in 2011 as British travellers admit they'll look to economically hard-hit Eurozone countries - Greece, Portugal, Ireland and Spain, for example - for good deals:
*Survey carried out on 6.092 travellers, including 1,440 respondents from the UK. Â Survey conducted in October 2011
TripAdvisorÂ® Media Group, operated by TripAdvisor LLC, attracts more than 65 million unique monthly visitors* across 19 popular travel brands**. TripAdvisor-branded sites make up the largest travel community in the world, with more than 50 million unique monthly visitors***, 20 million members, and over 50 million reviews and opinions. The sites operate in 30 countries worldwide****, including China under daodao.com. TripAdvisor also operates TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor's millions of monthly visitors. The division includes Business Listings, which allows hoteliers to connect directly to millions of researching travellers, and Vacation Rentals, which helps property managers and individual home owners list their properties and showcase hotel alternatives.
TripAdvisor Media Group websites have been recognized as top travel resources in 2010 by CondÃ© Nast Traveller, Good Housekeeping, TIME magazine and Travel + Leisure.
TripAdvisor Media Group generated $486 million in revenue in 2010.Â TripAdvisor and the sites comprising the TripAdvisor Media Group are operating companies of Expedia, Inc. (NASDAQ: EXPE).
TripAdvisor and the TripAdvisor logo are trademarks or registered trademarks of TripAdvisor LLC in the U.S. and/or other countries. Â All other trademarks are the property of their respective owners.
Â©2011 TripAdvisor LLC. All rights reserved.
*Source: comScore Media Metrix for TripAdvisor Media Group Sites, Worldwide, August 2011
** In addition to TripAdvisor, The TripAdvisor Media Group of websites includes: http://www.airfarewatchdog.com, http://www.bookingbuddy.com, http://www.cruisecritic.com, http://www.everytrail.com, http://www.familyvacationcritic.com, http://www.flipkey.com, http://www.holidaylettings.co.uk, http://www.holidaywatchdog.com, http://www.independenttraveler.com, http://www.onetime.com, http://www.seatguru.com, http://www.sniqueaway.com, http://www.smartertravel.com, http://www.travel-library.com, http://www.travelpod.com, http://www.virtualtourist.com, http://www.whereivebeen.com, and http://www.kuxun.cn.
***Source: comScore Media Metrix for TripAdvisor Sites, Worldwide, August 2011
**** TripAdvisor sites operate in 30 countries worldwide: http://www.tripadvisor.com, http://www.tripadvisor.co.uk, http://www.tripadvisor.ca, http://www.tripadvisor.it, http://www.tripadvisor.es, http://www.tripadvisor.de, http://www.tripadvisor.fr, http://www.tripadvisor.jp, http://www.daodao.com, http://www.tripadvisor.in, http://www.tripadvisor.se, http://www.tripadvisor.nl, http://www.tripadvisor.com.br, http://www.tripadvisor.com.tr, http://www.tripadvisor.dk, http://www.tripadvisor.com.mx, http://www.tripadvisor.ie, http://www.tripadvisor.com.au, http://www.tripadvisor.com.sg, http://www.tripadvisor.co.kr, no.tripadvisor.com, pl.tripadvisor.com, th.tripadvisor.com, http://www.tripadvisor.ru, http://www.tripadvisor.com.gr, http://www.tripadvisor.co.id, http://www.tripadvisor.com.ar, http://www.tripadvisor.tw, http://www.tripadvisor.com.my, and http://www.tripadvisor.com.eg.
Company Codes: NASDAQ-NMS:EXPE