Holidays, Travel & the Credit Crunch

By | Category: Travel rumblings

Just how much is the credit crunch hitting travel?
I ask because today I travelled on a train with two men, one reading a copy of the Sun and the other, Metro. Both were on what used to be called the workers train, that is the first train out in the morning. Both were talking of their families. A daughter of one was skiing in Andorra and the son of another was spending 3 weeks in South Africa.
On the tube when I got to London, two girls were chatting abut their recent trip to Antigua.
Over the 4 day Hogmanay holiday people from 57 countries spent money on their credit cards in Edinburgh. About 30 million pounds were injected into the local economy slightly more than last year. Similar Hogmanay celebrations in Glasgow, Aberdeen and other places went well. The number of foreigners attending Edinburgh’s celebrations doubled according to the city council.
I know the travel industry keeps on saying that come hard times, people like to keep their holidays, they just trade down say from 4 star to 3 but I am beginning to think that the media news presentation where bad news is headlined and good economic news is reduced to small paragraphs is having an effect on the economy and confidence doesn’t really represent a lot of the real world. People are seeing this biased news presentation and cutting back on things they don’t feel are essential. In the last few days there has been good growth news from Sainsbury’s, Aldi, HMV, Poundstrectcher, John Lewis, Eurostar, Game Group, Computacenter and Premier Foods to name just a few. Less good news has come from Debenhams but only in comparison with the boom times of December 2007.The company which owns Homebase & Argos had a reduced turnover but said profits would be about as forecast some time ago. The media only highlighted the downturn.
It seems holidaymakers and travellers (trains that I have caught to Cardiff and Leeds recently have been pretty empty) are having their confidence dented but still feel a holiday is requirement of life.
Maybe just to get away from British media.

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