British spending habits 'are affected by the weather' says the Co-operative Bank
Weather has a definite effect on the spending habits of Brits, according to research from credit card provider the Co-operative Bank.
British spending habits 'are affected by the weather' says the Co-operative Bank”
The Co-operative Bank carried out a survey to discover the differences in spending habits over two consecutive weekends that experienced very different weather conditions.
The chosen weekends were the last in May, which was hot and sunny, and the first in June which was much cooler and wetter.
Co-operative Bank's study revealed that there was a 29% increase in spending at membership clubs, country clubs and private golf clubs over the warmer weekend.
During the colder spell, travel agencies experienced a 25% increase in sales as people booked holidays in search of the sun.
Maxine Xodo-Rose, credit card product manager at The Co-operative Bank, said: "The Co-operative Bank offers a wide variety of credit cards that offer additional benefits such as our Credit Card Plus offering discounts on family tickets to the London Aquarium for those sunny weekends, and savings on family holidays if its on the chilly side so customers can still enjoy the sun even if its not in the UK."
Meanwhile a study from Hoseasons has found that many people are choosing to holiday in the UK this year, due to the economic downturn, job uncertainty and the strength of the euro.
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