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The rise of the staycation

Forget expensive holidays abroad – with unemployment levels rising and further public spending cuts planned for next year, many Brits are choosing to save the pennies by holidaying a little closer to home. Cities like Bath are benefiting from the influx of domestic tourists, with visitors flooding to see the historic centre and enjoy the surrounding countryside. If you’re keen to enjoy a wallet-friendly trip then here’s how to abide by the rules of the staycation.

1. Know what you want: Your ideal holiday might involve trekking in the Himalayas or relaxing in fair Paris – but if you’re strapped for cash then there’s bound to be an equivalent trip closer to home. Consider walking in the Lake District, visiting Alton Towers instead of travelling to Disney Land, or spending a weekend in London rather than splashing out on a Euro Star to the continent. It may not be quite as glamorous – but you’re sure to have bags of fun.

2. Plan in advance: Even a local holiday can be pricey if you leave booking until the last minute. Plan your trip in advance, accounting for accommodation and travel as well as day trips and events. Bear in mind that train tickets can be up to 40% cheaper if you book three months before the travel date, while domestic flights are also far more reasonable when booked in advance.

3. Put a schedule together: If your plans are vague then it’s easy to get bored exploring a strange city. Do some research into the activities on offer around your destination, and develop a schedule for your holiday. Remember to account for the tastes and preferences of every member of the family.

4. Don't exceed your budget: When planning your staycation, set an affordable budget and stick to it. Be prepared to compromise – if you don’t have any cash to spare then you may be looking at a camping trip rather than the luxury break that you had envisaged. Think about opening a dedicated holiday savings account, which offers a high rate of interest. Santander, for example, offer an 18 month savings bond with a competitive 3.10% gross AER.




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