The economic downturn may be affecting many things, but a holiday is not one of them.
That’s according to the Association of British Travel Agents (Abta), which has said that despite the credit crunch, a holiday is among "the last things" that people will give up.
Frances Tuke, spokesperson for Abta said: "We know from previous recessions and difficult times that holidays are the last thing that people are prepared to give up and nowadays, with the huge range of choices when it comes to holidays, people can pick ones that will suit their pocket."
She added that Spain was among the top destinations for travellers, and concerns among tourists over the cost of their holidays due to currency fluctuations has yet to discourage people from going abroad.
Research by American Express found that 80 per cent of Brits are not prepared to give up their summer holidays, even though according to Halifax, the average holidaymaker spends an average of only seven hours away from their hotel.