Subscribe Now

travelers today

Home » News

Holiday News Flash: Why People’s Appetite For Overseas Holiday Has Declined

Travelers Today       By    Angela Ordonez

Updated: Nov 06, 2016 06:06 PM EST

Text Size: A A A

Over the past 12 months, customers and travelers' desire for overseas holiday has fallen, based on Independent news. The First Rate, experts in foreign currency supplier, found that just 53 percent of people intend to travel abroad in the coming year, which is two percentage points less compared to winter 2015.

One of the factors of the decline in having overseas holiday is because of age. Based on the said report, people who like to have an overseas trip are on the age of 25-34 are arranging their break for next 12 months. There are 56 percent of that age group; while 51 percent for aged 55 and over are the opposite.

Moreover, another factor is that based on a study, half of the customers were being hindered by the health scares such as Zika virus, as further explained by Independent. In addition to that, 65 percent of the customers were bothered about terrorism and 54 percent had to change their plans.

Travel Mole has also reported statistics of peoples' Holiday confidence as it drops three-year low. Accordingly, 66 percent of people were planning for a Eurozone trip but it the percentage has been changed to 63 percent for not aiming to have their vacation there. Seven percent is still intact for the people who are planning for a trip to other European countries, based on the published report by HCI last April 2016, according to TravelMole.

Mr. Liam Hodge, First Rate Exchange Services head of insight, said that based on their latest report, it tells a clear mood of consumer attention when it comes to planning how to spend, or not spend, their so called "disposable income". 

"The challenge for the travel industry will be to provide those holidaymakers with the value they will undoubtedly be looking for, faced with the falling pound, and equally to convince the rising numbers of people not planning to travel abroad that trips overseas are affordable," Hodge added.

See Now: The U.S. had the highest number of Most Wanted properties, dominating the Hotels.com Loved By Guests Awards 2018

Tags
Overseas Holiday, Travel Abroad, Age, Zika Virus, Terror Attacks
© 2023 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Most Popular

6 Tips For Traveling With Young Children

6 Tips For Traveling With Young Children

Planning for a trip takes some time, even if it's just you g

How Traveling Can Make You Happy

How Traveling Can Make You Happy

If you have never traveled before but are thinking of doing so then

Scottish Islands: The Best Places to Reside!

Scottish Islands: The Best Places to Reside!

So there are a few islands that can be found off the Sco

How to Plan a Multi-Destination Honeymoon During COVID

How to Plan a Multi-Destination Honeymoon During COVID

You need to know how to plan appropriately and

7 Tips for Amazing Campus Visits

7 Tips for Amazing Campus Visits

A campus visit's significance could not be overstated. After all, fo

4 Tips For Curating The Perfect Gallery Wall

4 Tips For Curating The Perfect Gallery Wall

Having a gallery wall brings plenty of benefits to your

Water Travel Options That Don’t Involve a Cruise

Water Travel Options That Don’t Involve a Cruise

There is something equally relaxing and invigorati

Photo by Erik Odiin on Unsplash

Things That Will Help Cost-Conscious Vacationers Save Money

There are several ways you can significan

Photo by Mikhail Nilov from Pexels

How to Make Vet Visits Affordable in 2022

If the situation is minor, you might be lucky and get away

Photo by Tim Samuel from Pexels

Know Your Florida Driving Rules

There is so much to do in the region, but we want to focus on some of

Photo by Ging Ang from Pexels

Holidaying in your own Country: Try these Fun Trips!

Many countries are opening their borders, but if

Photo by Jessica Lewis Creative from Pexels

The Best Tech Tools for Expats

Here’s a quick look at most versatile tech tools for expats on the m

Photo by Tobi from Pexels

How to Turn a Road Trip Into A Luxury Adventure

But a road trip doesn’t have to mean living on the

Australian Citizenship Test: Everything You Need to Know

Australian Citizenship Test: Everything You Need to Know

Do you want to become a citizen of Australia

Hair transplant Istanbul: Why is it so popular?

Hair Transplant Istanbul: Why is it so Popular?

Getting a hair transplant in Istanbul is affordable i

What’s Going on with Rental Cars Right Now?

What’s Going on with Rental Cars Right Now?

They are incredibly expensive, and they’re also in sh

Role of Professional companies in International Trade

Role of Professional companies in International Trade

International trade holds great importance in a

The 5 Best Wines from Germany

The 5 Best Wines from Germany

Riesling is Germany’s best-known wine, but the country makes other fi

Here's Why You Should Go Camping On Weekends

Here's Why You Should Go Camping On Weekends

There is nothing like the great outdoors –– nature

The Best Tote Bags To Travel With in 2022

The Best Tote Bags To Travel With in 2022

Who knew you could pack your entire life away into one litt

7 Captivating Attractions for Kids in San Diego

7 Captivating Attractions for Kids in San Diego

San Diego is a magnificent place, and it would not be

travelers today

© 2023 TRAVELERS TODAY All rights reserved.

Subscribe to our newsletter
Real Time Analytics