When people think of a holiday they think about the sun, water and sand at an overseas destination. Britain’s spend millions of there hard earned cash every year to give to the overseas tourism industry. But that was until now, things look to be getting better for the UK holiday industry this year as most Brits will be staying onshore due to the power of the Euro and the credit crunch.

More than 50% of Brits are trying to save themselves cash by going to a UK destination for their holidays. But more than sixty percent of Brits said they were unable to give up totally going on holiday, because they need the break and a moment to relax so they are just trying to keep costs down by visiting the UK.

Caravan trip destinations have had to quickly employ more people due to the instant increase in these forms of holidays. Places such as Haven and Butlins are cashing in on the financial crisis. UK coach operators should also be set for the summer as it is certain they will see a huge increase in bookings.

Information has also emerged that passengers have cut back on plane travel. Heathrow, Gatwick and Stansted together saw a drop of two.8% last 12 months competed with 2007, with Stansted seeing the biggest fall, 6%.

An Abta spokesman said: “People are still booking holidays abroad but in the last few weeks our members have reported that holidaymakers are cutting back and opting for self-catering and all-inclusive holidays.”

So it just goes to show you that when one industry suffers, such as travelling abroad another industry emerges triumphs. Maybe the credit crunch is good in some aspects as it will filter out all of the companies that are under achieving and just not offering good enough products, leaving room in saturated markets to see a new breed of successful start-up businesses.

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