Survey for price comparison site trivago finds holidaymakers are more concerned with financial security than their health
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Brits keen to spend COVID savings on travel but only if they can get their money back
Research among British holidaymakers by Trivago has found a willingness to spend money saved during COVID on travel as long as there is a guarantee of getting their cash back.
The price comparison site worked with One Poll on the survey and found that travellers saved an average of £1,888 during the pandemic, with 8% saving over £5,000.
When asked what they have done with the money, 45% said they put it in a savings account, 22% treated themselves, 20% put it towards a large purchase and 19% put it towards rent or a deposit for a house.
Despite Brits saving money by being unable to travel during the pandemic, travellers are still more concerned about their finances than their health.
The research found that 48% of UK travellers would make concrete plans if they could guarantee their money back should they get their holiday cancelled.
This compared with 33% who said they would be more likely to book if there was a guaranteed low risk of catching Covid-19.
As travel restrictions on travel have lifted the appetite to travel is recovering strongly, according the Trivago study.
Of those who usually have at least one holiday a year, 33% have already made firm plans to travel in 2022 and a further 21% have made tentative plans.
In total, over a third (34%) say they have been researching future holidays more than before the pandemic.
The study found the pandemic also increased Brits willingness to spend more on their travel.
Almost four-in-ten (37%) respondents said they plan on spending more on their holidays rising to 66% in 18- to 24-year-old age category.
Where travellers live was found to have an impact on spending. Over half (55%) of Londoners are planning on spending more on their holidays this year but only 20% of travellers from East Anglia are willing to dig deeper into their wallet.
In total, it was the over 65s who remained the most cautious, with 18% saying they will likely spend less than if the pandemic hadn’t happened.
Alex Hefer, chief executive of trivago, said: “Expectations are high that this could be the best summer ever. Of those who have firm plans to travel, over half (51%) believe that 2022 is going to be their best summer yet for travel.
“Travellers are tired of waiting for a dream getaway. Three-in-ten (30%) told us they are planning on organising a ‘bucket list' holiday sooner than originally thought due to the pandemic.”