{"id":84225,"date":"2025-07-23T07:20:10","date_gmt":"2025-07-23T06:20:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84225"},"modified":"2025-07-23T07:20:10","modified_gmt":"2025-07-23T06:20:10","slug":"a-holiday-only-for-the-fortunate","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/23\/a-holiday-only-for-the-fortunate\/","title":{"rendered":"A holiday? Only for the fortunate"},"content":{"rendered":"<p>Allianz Partners, which is an insurance specialist in the travel market, <a href=\"https:\/\/www.allianz-partners.com\/en_UK\/in-the-news\/press-releases\/brits-planning-to-holiday-in-the-uk-falls-by-21-percent-reveals-the-allianz-partners-survey.html\" target=\"_blank\" rel=\"noopener\">issued a press release this week<\/a> that said:<\/p>\n<ul class=\"c-list\">\n<li class=\"c-list__item\">Over three-quarters (77%) of UK adults plan to take a summer holiday in 2025, down from 85% last year<\/li>\n<li class=\"c-list__item\">The number of people planning UK staycations is down by 21% (from 57% to 45%)<\/li>\n<li class=\"c-list__item\">Financial concerns are the leading reason for Brits opting not to travel this summer \u2013 46% of those who forego holidays cite money as the reason why.<\/li>\n<\/ul>\n<p>They added:<\/p>\n<div class=\"text\">\n<div class=\"c-copy u-text-hyphen-auto\">\n<blockquote><p>Tight household finances are a primary concern for those not planning to travel, with almost half (46%) citing a lack of funds as their reason for staying home.<\/p>\n<p>Additionally, 22% feel that that travelling has become too expensive.<\/p>\n<p>For those who are traveling, the average household expenditure on summer holidays is expected to reach \u00a32,348, an increase of \u00a3425 compared to last year.<\/p>\n<p>Europe remains the most popular destination (37% of all adults) followed by North America (8%) and Asia (6%).<\/p><\/blockquote>\n<p>Interestingly, they also noted:<\/p>\n<\/div>\n<\/div>\n<div class=\"text\">\n<div class=\"c-copy u-text-hyphen-auto\">\n<blockquote><p><b>Climate and Geopolitical Concerns<\/b><\/p>\n<p>While costs dominate travelers\u2019 concerns, environmental and geopolitical issues are increasingly influencing travel decisions. Nearly half of British travelers (46%) express worries about extreme weather conditions, such as heatwaves, floods and wildfires. Additionally, 59% (+7 percentage points vs 2024) are now factoring environmental considerations when choosing a destination.<\/p><\/blockquote>\n<p>And they note<\/p>\n<blockquote><p><b>Sacrifices Made for Summer Holidays<\/b><\/p>\n<p>Despite continued financial worries, the summer holiday remains sacred for most Brits, who cut back on other spending so they can afford to travel. Almost six in 10 (58%) plan to reduce leisure-related spending (e.g., restaurants, cultural activities, gym membership) to save for their holiday, while 54% will delay major purchases prioritise travel.<\/p><\/blockquote>\n<p>What does all this say? Three things, I suggest.<\/p>\n<p>Firstly, times are more challenging than many data sources indicate.<\/p>\n<p>Secondly, inequality is growing, as evidenced by lived experience.<\/p>\n<p>Third, things are going to get worse.<\/p>\n<p>If Rachel Reeves is not worried, she should be.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Allianz Partners, which is an insurance specialist in the travel market, issued a press release this week that said: Over three-quarters (77%) of UK adults<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/23\/a-holiday-only-for-the-fortunate\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204,35,147,106],"tags":[],"class_list":["post-84225","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-inequality","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=84225"}],"version-history":[{"count":4,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84225\/revisions"}],"predecessor-version":[{"id":84240,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84225\/revisions\/84240"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}