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Rising inflation highlights the value of expert travel advice
Following UK inflation rising to 3.5% in September, Advantage Travel Partnership has highlighted the growing pressure on household budgets and travel businesses, alongside the role travel agents play in helping consumers find value.
The larger-than-expected increase comes as the war drives up fuel prices, adding to concerns about living costs as the UK heads into the colder months.
For the travel industry, the figures underline the challenge of managing high operating costs while supporting customers who are thinking carefully about their holiday spending.
Julia Lo Bue-Said OBE, CEO of Advantage Travel Partnership, said:
"The rise in inflation to 3.5% puts further pressure on both businesses and households, at a time when operating costs remain high and the outlook is uncertain. With the UK heading into the colder months, rising energy bills will put further strain on household budgets, while fuel costs risk adding to the cost of travel and holidays.
Consumer confidence is especially fragile when people are weighing the cost of everyday essentials against spending on leisure and travel. Even so, we know holidays remain a priority for Brits when it comes to discretionary spending, and taking a holiday doesn't have to mean paying more than you need to.
Travel agents can help consumers navigate a complex and changing market, compare options and find the best value for their budget, while providing expert advice and reassurance at a time when every pound counts.
For consumers planning their next break, speaking to a travel agent can help them understand their options and make informed decisions about where their holiday budget will go furthest."
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