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Credit crunch affecting 19% of holidays

40% of Britons say they will not take a holiday for the rest of the yearOne in five Britons have said that the credit crunch is having an adverse effect on their holiday plans, according to a new poll by Travel Weekly.

The magazine found that 19 per cent of people surveyed in July admitted that the current economic climate would lead to them cutting back on their holidays, up from seven per cent at the beginning of the year.

Around 40 per cent of those surveyed said they would not be taking a holiday away from home for the remainder of 2008.

But people are still taking holidays, according to one industry expert.

Ian Rumgay, European communications manager at TripAdvisor, said: "People are still taking holidays and they are looking at ways of downsizing or cutting costs.

"One of which is taking a domestic holiday although the fact is that often having a holiday in [Britain] can prove more expensive than actually going abroad."

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