Holidays are one of life's luxuries which are non-negotiable, one expert has advised this week.
According to travel guide series the Lonely Planet, while people may be budgeting more now in light of the credit crunch they are still determined to get away on a holiday to recharge their batteries.
Tom Hall, travel editor of the Lonely Planet, said: "There are signs that the late bookings market is strong; I think people see holidays as a non-negotiable thing."
He explained that the market may suffer if people cut back on their additional breaks, in a bid to save money to ensure they can cover their mortgages and other bills.
Furthermore, Mr Hall noted that there are still some bargain breaks out there to be had if holidaymakers shop around a bit before booking.
However, travel information firm OAG reports that one in 14 of the world's airline seats are set to be axed in October, reports the Daily Mail.
Prices of flights are also set to increase by four per cent, costing a family of four flying long-haul an extra £150.
11 August 2008