End of the line for the staycation?
Recommend on Google+
The staycation became the answer to recession blues. It was cheaper to stay here in the UK than go abroad at a time when real incomes were falling.
The cost of taking a holiday in the UK is the highest in Europe, given the price of accommodation, food, attractions and petrol.
According to research by Thomas Cook a one week family holiday in Devon will cost as much as £2,300, £264 more than a similar holiday in Majorca.
A similar all-inclusive holiday in Majorca, including the cost of travel, food and drink, comes in at a lower £2,036.
Another factor causing a reduction in the staycation could be the unpredictable summer weather in the UK.
In addition the relatively weak Euro makes a European holiday much more appealing.
blog comments powered by Disqus
Tags
activity, advertising, affordability, alistair darling, anti-competitive behaviour, anti-dumping, apple, appreciation, aqa gcse economics, articles, asia, balance of payments, balance of trade, bank of england, banks, basic economic problem, basket of goods, beat the teacher, benefits, bidet, birthrate, borrowing, budget, budget deficit, budget surplus, business growth, business objectives, capacity, capital, car industry, car manufacturing, cash cow, china, chocolate, christmas trees, class task, cocoa, competition, competition commission, competition in action, competitive markets, complements, conditions of supply, confidence, congestion, conspicuous consumption, construction, consumer confidence, consumer spending, consumers, cost of living, costs, costs of production, costs, revenues and profits, cpi, credit crunch, cross price elasticity of demand, currency, data, data response, debt, deficit, delicious data, demand, demand and supply, demand and supply in action, demand for labour, demerit good, demerit goods, depreciation, derived demand, diagram, diagrams, diseconomies of scale, dollar, double dip, double-dip, downturn, easyjet, economic growth, economic gw, economic policies, economics, economies of scale, economy, elasticity, elasticity of supply, employment, end of term activity, enterprise, eu, euro, eurozone, exam advice, exam help, exam practice, exam style questions, exam technique, excess demand, exchange rate,All tags for the GCSE Economics Blog
