Research(1) from Sainsbury’s Bank Travel Money reveals that this week (the fourth week in July) will be the busiest time for holidaymakers, with almost 2 million adults jetting abroad. 1.81 million adults will leave for their holiday destination in the first week in August, which is the second busiest week for people heading abroad.
Overall, 8.6 million people intend to take on average six extra days holiday abroad this summer than last year (a combined 54 million days), compared to 2.9 million who are planning to take five fewer days each, or 15.9 million days in total. This means that in total, Britons say they plan to be abroad on a summer vacation for 38 million more days than the same time last year.
Reasons for heading abroad are not always just for a well deserved break. Analysis of government data(3) reveals that as a nation, Britons made 13.27 million trips abroad last year to visit friends and family, 7.8% more than in 2013 and a rise of 22% on 2010. Also, research(2) carried out amongst travel agents reveals that 41% have seen an increase in three generational or multi-generational family group trip bookings compared to five years ago.
Simon Taylor, Head of Sainsbury’s Bank Travel Money said: “Our findings suggest not only will more of us be abroad but we will go for longer, so the continued strength of the Pound against popular summer holiday currencies like the Euro is great news for holidaymakers. When buying currency, it pays to shop around and compare exchange rates, and keep an eye open for rate sales to help make your money go further.
Additional research(2) reveals that 33% of holidaymakers intend to take around £157 in extra spending money for their summer holidays this year and 12% will take around £149 less.
Sainsbury’s Bank offers a range of products and services for people going on holiday. In addition to its single trip and multi trip travel insurance, it also has around 190 travel money bureaux in Sainsbury’s stores across the UK and offers 0% commission on foreign currency. There are over 50 currencies available to order. Customers can also order online or by telephone on 0845 301 2724 and collect from a travel money bureau, or receive free delivery for orders of £500 or more.
Customers can also take out a Sainsbury’s Bank Multi-currency Cash PassportTM instore at one of the Bank’s bureaux. The Chip and Pin card allows customers to load up to seven currencies on to it, pay for goods and services at merchants around the world that accept MasterCard cards and withdraw local currency from ATMs displaying the MasterCard logo. Customers can also manage their money online and move funds between the seven currencies.
Notes to editors:
(1) Research commissioned by Sainsbury’s Bank and conducted by Opinium. Opinium interviewed a random sample of 2,004 GB adults aged 18+ online between 29th May and 2nd June 2015. Surveys were conducted across the country and the results have been weighted to the profile of all adults. Opinium a member of the British Polling Council and abides by its rules.
(2) Sainsbury’s Bank research with 100 travel agents – June 2015
(3) Research commissioned by Sainsbury’s Bank and conducted by Opinium Research. Opinium interviewed a sample of 2,004 GB adults aged 18+ online between 24th and 28th April 2015. Surveys were conducted across the country and the results have been weighted to the profile of all adults. Opinium is a member of the British Polling Council and abides by its rules.
(4) Sainsbury’s Bank analysis of ONS Travel Trends 2014
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This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.
For further information, please contact:
Lorna Gilmour, Sainsbury’s Bank: 0131 286 0786 / email@example.com
Emma Murphy, Citigate Dewe Rogerson: 020 7282 1072 / 2989
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Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. The Bank benefits from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance. Sainsbury’s Bank provides a range of quality products including travel money, insurances, credit cards, savings and loans which we provide through multiple channels, including instore, by telephone and online.
Sainsbury’s Bank plc. Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank plc is covered by the Financial Services Compensation Scheme (FSCS).
Sainsbury’s Bank Multi-currency Cash Passport™ is issued by R. Raphael & Sons plc, pursuant to license by MasterCard International Inc. MasterCard® is a registered trademark of MasterCard International Incorporated. R. Raphael & Sons plc is a UK bank authorised by the Prudential Regulatory Authority and regulated by the Financial Conduct Authority and the Prudential Regulatory Authority (registration number 161302) and is permitted to issue e-money. Head office and registered office at 19/21 Shaftesbury Avenue, London, W1D 7ED, registration number 01288938
Sainsbury’s Bank Travel Insurance
Sainsbury’s Bank Travel Insurance is administered by Cigna Insurance Services (Europe) Limited. Authorised and regulated by the Financial Conduct Authority. It is underwritten by Cigna Europe Insurance Company S.A.-N.V. Supervised in Belgium by the National Bank of Belgium and the Financial Services and Markets Authority, and subject to limited regulation by the Financial Conduct Authority.