‘Holidays abroad to drop under credit crunch’
May 29, 2008 by admin
Filed under News, News-Insurance
The current economic turmoil means that more people will be unable to afford a holiday overseas this year, the Family Holiday Association (FHA) has said.
A recent study by Abbey Credit Cards found that parents who planned to take their families abroad for the half-term break were hit with prices up to 80 per cent higher than usual.
John McDonald, the director of the FHA, commented: “I think holidays are really important for the well being of both the children and the parents…it is a disappointment that perhaps more people will miss out this year than perhaps did last year.”
Last week, insurance company Axa warned holidaymakers that if they arrange the different parts of their holiday separately, such as flights, hotel and cars, they could be leaving themselves open to unnecessary risks.
According to the company, travel insurance does not always cover people who book their holidays independently rather than through a travel company.


