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Parents ‘only holiday hope for many’

Many young adults only get a holiday if they tag along with their parents, a new survey shows.

Seven out of 10 of 25 to 34 year-olds have done this in 2015 because they cannot afford one themselves, Capital One’s poll of 1,000 adults finds.

The credit card firm says that these “boomerang” tourists are almost doubling their father and mothers’ foreign holiday expenses by joining them.

Over one in four parents (26%) aged upwards of 55 paid over £2,000 to take their family abroad, the study shows. This compares to the typical British holiday outlay of £1,189.

Around one in six people (16%) aged between 25 and 34 waived their summer holiday in 2015 to save money for a foreign holiday next year.

Among the expenses younger travellers can bypass by going away with mum and dad are air flights, baggage fees and parking.

There is also travel insurance to consider, as well as accommodation and meals.

Then there is the cost of travel. This may be car rental, fuel, train tickets, rail passes, buses or taxis – and that is before you factor in activities and sightseeing, such as tours, shopping, night life and souvenirs.

 

Parents ‘only holiday hope for many’ | iceplc.com | © Press Association 2015

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