Nearly a third of people are planning a ‘staycation’ this year, while 44 per cent have abandoned the notion of going on any holiday in 2020 due to the coronavirus pandemic.
New research by Nationwide Building Society found that 32 per cent of people are planning a UK-based break and expected to spend an average of £480 boosting local economies.
More than 2,000 people across the UK were surveyed in July with nearly three-quarters saying they would remain in the UK due to concerns around Covid-19.
A further 14 per cent said they were also planning to take day trips.
Nationwide said its own customer spending data suggests that some of the biggest increases in transactions since lockdown eased have been on holiday camps, hotels, vehicle rentals and flights.
The society's own customer spending data also shows people have been increasingly likely to put their holiday costs on a credit card this year, rather than a debit card. Credit cards give people added consumer protections if something goes wrong with goods and services purchased on them.
Some 20 per cent of people surveyed are also planning a holiday abroad this year, and the research suggests they will spend an average of £612.
Mark Nalder, Nationwide's head of payments, said: "Although it's clear that there remains some trepidation about taking a holiday this year, our data clearly shows that a large number of people are ready to escape their homes to enjoy a change of scenery."
