Less than half of the British public will take their main holiday abroad this summer.
That is down on last year, when 56% of us left the country for a break. It is thought people are still being financially careful despite a recovering economy.
So called 'staycations' are a popular alternative, with a fifth of people choosing to holiday here. Over a quarter of people surveyed by the Halifax bank plan on taking no holiday at all this year.
Although it has been widely reported that the use of cash is dwindling on home turf, it is a completely different story for holidaymakers spending abroad. 73% of people who had been on holiday abroad in the past 12 months used local currency bought in advance as their main or secondary payment method, and 26% mainly used credit cards during their most recent foreign holiday.
Jon Roberts, Halifax Credit Cards said: "It’s clear that despite the improving economy, many people are still not ready to splash the cash on foreign holidays. The spending money you take is one of the biggest considerations when planning a well earned break and many people could save extra by taking out a fee free credit card such as the Halifax Clarity much safer way to spend money abroad."
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