An increasing number of holidaymakers are choosing to beat the credit crunch not by forgoing their holidays, but by sharing them with other people.

An increasing number of holidaymakers are choosing to beat the credit crunch not by forgoing their holidays, but by sharing them with other people.

A study into holiday spending by CreditExpert.co.uk has found that one in five people are choosing to share a holiday with family and friends in order to save money

This figure increases for the 18 to 24-year-old age group, in which 37 per cent of respondents said they would go back to family holidays this year to get a cheap break.

Jim Hodgkins, managing director of CreditExpert.co.uk, said: “The credit crunch is really biting now and it will be painful for people to make the choice between not going on holiday or taking on more debt to do so.

“Due to the recent increases in the cost of living, we are seeing more people keeping a closer eye on their credit commitments.”

Anyone wishing to book a group holiday could consider booking flights to Thailand, where travellers can participate in community tourism projects in Phuket, CNN reports.

This site uses cookies to analyze traffic and for ads measurement purposes.
learn more about how we use cookies.

Many of the flights and flight-inclusive holidays on this website are financially protected by the ATOL scheme. But ATOL protection does not apply to all holiday and travel services listed on this website. Please ask us to confirm what protection may apply to your booking. If you do not receive an ATOL Certificate then the booking will not be ATOL protected. If you do receive an ATOL Certificate but all the parts of your trip are not listed on it, those parts will not be ATOL protected. If you have booked a flight only where the ticket is not issued immediately, your flight will be protected under our ATOL. Please see our booking conditions for information, or for more information about financial protection and the ATOL Certificate go to www.atol.org.uk/ATOLCertificate