Brits to spend £36bn on holidays in 2012
Brits urged to take advantage of credit card loyalty schemes to help fund trips this year
Britons are set to collectively spend more than £36 billion on their holidays this year, new research has shown.
British Airways American Express Credit Cards has published a survey which shows that nearly 40 million Brits are planning a getaway and will spend an average of £923 per person on flights, accommodation and spending money.
Despite 24 per cent of respondents expecting their trip to be more expensive than last year as travel costs continue to surge, nearly half are intending to go on vacation for at least a week.
Furthermore, of the 22 per cent who will purchase their holidays with their credit card, only three per cent will use loyalty points to pay for their trip and just two per cent will use reward points to access upgrades or extras.
Julie Hay, head of British Airways American Express Credit Cards at American Express, urged Brits to embrace rewards programmes in order to help keep down costs.
She said: "One simple way to do this is to use a travel rewards credit card for your everyday spending.
"This means that, come holiday booking time, you can look forward to a number of extras including companion vouchers, upgrades and discounts to make your holiday even more special and affordable."
Posted by Sarah Nyman
Written by ©