Once Christmas is over, you might be thinking about trying to lose any weight you put on over the festive period or maybe making a New Year’s resolution you’ll actually stick to. But will you also be planning a holiday?
One in five Brits will, according to new research* carried out on our behalf. The report suggests that some UK holidaymakers will be getting ahead of the game, as more than a fifth say that they plan to book a holiday in January.
Nearly half of those planning to organise their holiday in January say that their main reason for doing so is to snap up a bargain break, as this is when some of the best deals are available. If you’re planning a holiday on a tight budget, booking it early can be a great way to save some money as a lot of destinations are cheaper so many months before the summer.
Other respondents planning to book holidays in January say that they like to have something to look forward to after Christmas is over. The UK’s long and dark nights can be a motivating factor for those planning a break somewhere sunny, especially for those who aren’t fans of the cold weather. Planning your summer holiday in the winter can help make the year seem to go faster, so it may seem like your time away comes around in no time at all.
Putting it back
However, not everyone is as lucky, as two in five people say that they will wait until later next year to book their holiday and a similar number of respondents say that they won’t be having a holiday at all next year. If you can’t afford to book your holiday in January don’t despair; as there can still be some great last-minute deals – especially if you are prepared to be flexible about where you go and where you stay.
Paying on credit
If you think you’ll struggle to pay for your holiday in one go, you could think about booking it on a credit card. This could make it easier for you to manage the cost, as you’d be able to pay the deposit on your card now, and you wouldn’t have to pay the full balance until about two months before you went away, when you may have saved up to afford it.
However, if you’re considering paying for your holiday on a credit card, you should be as sure as possible that you’ll be able to afford the repayments, as if you can’t make the minimum payments or you pay it late, it will show up on your credit report and could count against you if you’re looking to borrow in the future. You may also get charged for late or missed payments, and fees could start to build up, which may prove costly for you in the long-run. It is also worth remembering that some travel firms charge extra if you pay either the deposit or your final balance by credit card.
*OnePoll questioned a nationally representative sample of 2,000 adults aged 18 and over between 21st November and 28th November 2014, of whom 636 were Scottish residents.
Article continues below
Apply with confidence
Intelligent Lending Ltd (Credit Broker). Capital One is the exclusive lender.