Around two fifths of Brits planning holiday in last 3 months of year

16 October 2023 , 08:37

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The cost-of-living squeeze may be helping to drive the trend. (Image: 2023 PA Media, All Rights Reserved)

Autumn holidays are becoming a hit among Brits looking to save some pennies, according to a recent survey. The study found that 39% of adults planning a holiday in 2023 are eyeing the last three months of the year for their getaway.

The rising cost of living might be pushing this trend, with nearly half (48%) of those surveyed admitting they've been priced out of summer holidays. This research was conducted by Credit Karma, a company offering credit score and personal finance insights.

Over half (57%) of the respondents said they'd prefer an off-peak holiday to save money, as per the Opinium Research survey of 2,000 UK residents in September.

Two fifths (41%) would even compromise on the weather at their destination to keep costs low.

The new research reveals October is the third most popular month for a holiday this year, following August and September.

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Akansha Nath, head of partnerships at Credit Karma, said: "Holidays are an important time for families and friends to spend quality time together, relax and take time away from work. However, they have become quite costly and even unaffordable for some."

"For those grappling with peak-season prices, travelling later in the year is a great way to keep costs down and still enjoy holidays while on a budget."

Credit Karma also shared some tips for securing a deal on an autumn break:

• Try fare comparison websites
• In addition to searching directly on airline websites, flight comparison sites can help to identify deals on international travel.
• Explore alternative airports
• When planning international travel, consider broadening your airport search beyond major hubs.
• Consider nearby cities or even countries when planning your trip
• Sometimes, just a short train or bus ride away, you can discover incredible destinations with more affordable transport and accommodation, giving you the chance to explore new places without breaking the bank.

* An AI tool was used to add an extra layer to the editing process for this story. You can report any errors to [email protected]

Steve Charnock