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UK consumers can't do without their holidays

Despite the fact that the UK economy is still struggling and many consumers have found it difficult to fund their Christmas spending, it appears that holidays are top of the list when it comes to the spending habits of UK consumers. A survey by Thomas Cook, the holiday giant, confirmed that an annual holiday is top of the list of the vast majority of the UK population. So how will the holiday sector fair in 2010?

While 2009 ended on something of a downbeat note for the travel industry with the collapse of Flyglobespan and other companies hitting difficulties, all in all maybe 2009 was not as bad as many people had predicted. However, 2010 may not be as buoyant as many people are suggesting either, because of fears that the economy will stall amid signs that the UK property market is running out of steam. While many people will still scrimp and save for their annual holiday, there is no doubt that, if the economy does turn down, disposable income would be at a premium and the average holiday expenditure would likely come under pressure.

Further problems within the UK travel industry could also impact on customer numbers for the likes of Thomas Cook although there are hopes that an ongoing investigation into the Flyglobespan collapse may well reveal the inner workings of the industry and possibly assist in reducing similar problems in the future.

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