61% of South West respondents don’t disclose their holiday spending: HSBC UK survey

As many of us head off abroad for our summer travels, HSBC UK recently surveyed over 2,000 UK respondents to uncover their summer holiday travel plans and what they value the most whilst abroad.

South West holiday-goers favour package holidays abroad the most- according to 33% of respondents, followed by 29% of respondents preferring city breaks abroad. It also takes South West respondents, on average, eight months to save up for their main holiday abroad.

When HSBC UK asked respondents in the South West if they’ve ever been charged unexpected fees- 28% admitted they’ve been caught out by unexpected holiday fees. From this statistic, 46% were charged for currency conversion, followed by another 34% of respondents being charged for using their card abroad.

The results revealed an interesting 61% of South West respondents don’t tell others how much they spent on their holidays. In fact, 29% of South West respondents say this because they don’t like to talk about their finances.

HSBC UK’s Head of Everyday Banking, Pella Frost, said:

“We all like to splash out on holiday but splurge regret can cast a shadow over the whole experience.”

“Over a third of holidaymakers get caught out by unexpected fees making a holiday splurge that little bit more costly.”

“With no HSBC fees on card spend or ATM withdrawals abroad, Global Money helps customers avoid unexpected costs and makes it easy to plan and stick to a holiday budget.”

“Customers can manage their spending easily through the app so they can forget about fees and focus on fun with their families or friends.”

For further information about Global Money, please visit: https://www.hsbc.co.uk/current-accounts/products/global-money/