Holidays 'will not be cancelled in wake of credit crunch'

British holidaymakers will not be giving in to the credit crunch and cancelling trips away this summer, it has been claimed.

Research carried out by Luxury Travel Magazine found that vacations will not be sacrificed this year, adding that they were more likely to be cancelled due to low funds ten years ago.

Only 12 per cent of people in the 1,003-strong survey stated that they thought trips away were not a necessity, it added.

Luxury Travel Magazine editor Alyson Cook commented: "People are less inclined to give up their holiday", travel insurance customers may be interested to know.

"Particularly with the vagaries of the weather the holiday is becoming more sacrosanct in their budget. I also think it has a lot to do with the emphasis on family holidays now," she said.

Meanwhile, the Norwich Evening News has revealed that both David Cameron and Gordon Brown will be heading to holiday destinations in the UK this summer as a means of defying the credit crunch.



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