By Daniel Hunter

The troubles with the economy are not having an impact on British travellers, who are continuing to holiday abroad, with 46% planning to travel abroad as much as or even more frequently than they did five years ago.

That is according to research from Tesco Travel Money, which also found that 35% of holidaymakers plan to take a break in the next three months. The rate was even higher, at 42%, amongst 18-24 year olds.

Despite many households tightening their belts, the average annual outlay on getaways stands at £1,527 per person*, with the figure reaching £1,718 in the 55-64 year-old category. The age group spending the least was found to be 18-24 year olds, at £1,062.

After what’s been dubbed the UK’s coldest winter in years, it’s unsurprising that beach holidays remain the top choice of holiday, with 38% saying this is their favourite kind of trip. Also popular are European city breaks, the preferred getaway for 11% of those surveyed.

The exchange rate was also cited by almost half of Brits (49%) as having an impact on their choice of destination.

Doug Gowan, Head of Travel Money at Tesco Bank, said:

“Our market research has identified that although Brits are watching their spending, holidays abroad are still a priority for them.

“However, every penny counts regardless of the holiday budget, and holidaymakers should remember that the cost of obtaining foreign currency can vary.

“With plenty to prepare for a trip, from booking flights and hotels to packing, many holidaymakers will benefit from remembering to seek out a convenient and competitive currency deal. Tesco Travel Money offers 70 currencies online, over the phone and in-store at more than 200 bureaux.”

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