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Expatriate health insurance customers will continue pushing back their trips home and holidays abroad until the economy starts to settle, travelsupermarket.com has stated.
Bob Atkinson, travel expert at the holiday comparison site, commented that many people are tending to book their trip close to the day of departure because then they "don't have to commit to a holiday, they can see whether they can afford it".
He mentioned that to tackle this trend, holiday operators are likely to cut capacity for next year in a bid to encourage travellers to book well in advance.
"What they'd rather do is pull the bookings in earlier by putting out some deals now. They might not be as cheap as a last minute deal but will certainly entice people to book earlier," Mr Atkinson added.
His comments follow research from Sainsbury's Credit Cards, which found that 1.28 million summer holidaymakers in the UK booked their trips away less than two weeks prior to departure, while some 290,000 went on holiday just 48 hours after booking.
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Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.