Holiday spending: Over-50s 'go cruising, while young tighten belts'

Holiday spending: Over-50s 'go cruising, while young tighten belts'
 

People over the age of 50 are spending more and more on holidays - including cruises - while younger people are travelling less, according to research.
Over the past five years, the older age group has increased spending on travel by 23%, says a study by the CEBR consultancy for Saga.
Those under 50 have cut spending on tourism by 5% during the same period.
As a result, the older generation is now responsible for well over half the UK's total spending on holidays.
Last year, the over-50s spent £39bn on travel, including £2.8bn on cruises.
Other exotic destinations included exploring the... read more

 
27 September 2016 in Business, Views: 58
Source: BBC
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