Older holiday-makers curb spending

Whilst the family holiday remains a necessity for younger holiday-makers, the older generation can remember a time when travel was a luxury and are proving more cautious. The travel industry predicts a decline in spending in this particular demographic. Younger families may still put the yearly vacation abroad in a higher priority position than for example, new furniture and fittings.

This trend will have an impact on the various travel sectors with there being a greater drop-off in holidays that suit the older person, and less of an impact in the traditional family holiday sector. Presumably though, if the current financial crisis continues unabated, eventually this lack of consumer confidence will filter thorough to the younger generations.