According to the figures released by hotel firm Holiday Inn, between 2005 and 2007, the number of consumers over the age of 50 going on weekend breaks rose by some 25 per cent. Older Brits are increasingly looking for a quality holiday. In 2008, this trend is expected to witness further growth. Three-quarters of couples who have reached their half century were revealed to be planning at least a month break over the course of 2008. However, during their 40s such excursions were limited to one week per year. Research by the company also revealed that older couples spend an average of 1,363 pounds on trips to UK destinations every year.
The increasing popularity of such quality breaks was partially attributed to many of the above-50s completing their mortgage repayments and now beginning to enjoy the fruits of their labour as they reach their golden years of life. It was revealed that 45 per cent of this section had made the decision to retire early, while some 42 per cent claim to be taking the opportunity to enjoy quality time as their children have grown up and moved out of the family nest.
For those consumers looking for an effective way to fund holidaying, taking out personal loans is a better form of monetary assistance. By the age of fifty most people have paid off their debts, their kids have left home and all of a sudden they explore enormous freedom. While people in their 30s and 40s are tied down with debts and family life, the over-50s are packing their bags and heading off for intimate weekends, with all smile on their faces. There’s been a huge surge in the popularity of weekend leisure breaks in the UK over last five years. The older Britons are not confining their trip within UK. Rather, short breaks to European cities are also popular among older people.
Whether it is a week in sunny Spain, or a weekend break on the coast, those consumers looking for an effective way to fund going on a dream break might wish to consider getting the best personal loan. In taking out this type of loan, it may be possible that borrowers to meet the cost of accommodation, transport and other expenses quickly and cost-effectively. They can repay the loan amount with a single affordable installment. Apart from holidaying needs , A personal loan could also help those looking to make modifications to their car or home. The UK loan market is flooding with lenders and people can avail a loan at competitive rate if they perform online search.
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