BUSINESS INTELLIGENCE
CASH USEAGE
Cash still king for staycationers
Post Office poll reveals that 40% of those carrying cash do so as it helps them to budget and keep track of spending.
O
ver half of Brits are planning on a UK holiday this year, with this week set to be the busiest week for UK staycations, according to new research from the Post Office. The findings reveal Brits carry twice as much cash with them while on holiday in the UK compared to their dayto-day lives – more than £50 on average. The poll also finds that paying for ice cream is the most common cash-spending occasion for staycationers, with parking and tipping at restaurants also shown to be common reasons for going cardless.
20 I SLRMAG.CO.UK/ ISSUE 115/ WEDNESDAY 27TH JULY 2022
More than 70% of Brits planning on going on holiday in the UK this year plan to take out cash before leaving to go on holiday, the study shows. Meanwhile, the survey also reveals that only 14% of Brits want to live in a cashless society and that 40% of those carrying cash do so as it helps them to budget and keep track of spending. Martin Kearsley, Banking Director at Post Office, said: “Our research has shown that in recent years the UK has become a top choice holiday destination for Brits. Hard-earned holidays are a time for relaxing, not worrying about
being caught out by not having enough cash. Whether you’re heading to the seaside, scenic countryside or a festival, no matter the staycation destination, postmasters are on hand to help with any holiday cash essentials. Free cash withdrawals to the penny are available at all branches across the UK.” The results show that 52% of Brits lining up a UK staycation this year will be heading to the coast. However, British staycationers are more likely to be caught out by not having cash at the seaside than at any other destination.
