AXA Insurance – Brits spend billions on holidays

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AXA Insurance – Brits spend billions on holidays

UK holidaymakers have spent a total of £97.3 billion so far in 2006, research undertaken by AXA Insurance shows.

Of that figure, nearly half (£45 billion) is spent on booking the holiday, while £29 billion goes on spending money and a further £7 billion on buying new clothes for the holiday.

The research, which analysed all aspects of UK holidaymakers' choices, also showed that most people (53 per cent) take between one and three holidays per year and one in ten will take four to five holidays annually.

The head of lifestyle protection and household claims at AXA Insurance, Nick Kidd, remarked: "With so much being spent on holidays and travelling abroad, it is now more important than ever to have travel insurance."

"However, in the excitement of booking a trip many people forget to buy their cover or wrongly assume that they don't need it," Mr Kidd added.

Other findings of the research showed that the UK and Ireland were the most popular holiday destinations with 22.4 million people (68 per cent) travelling there in 2006.

Allied to this, the most popular type of holiday preferred by UK holidaymakers was a hotel or beach apartment with 21.6 million (65 per cent) of people choosing this option.

AXA Travel Insurance is available for single or annual multi trips. Benefits of the cover include paid medical expenses up to the cost of £5 million, £1,500 for lost baggage and paid legal expenses of up to £25,000.

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