According to a new study carried out by insolvency trade body R3, 38 per cent of the British public are planning on spending less money on their holiday this year.
Those who continue to go abroad for their break are aiming cut their expenses by choosing cheaper accommodation and travel options or deciding to reduce the number of times they eat out while away.
However, the majority have chosen instead to make home soil the destination for their next trip. Some 59 per cent of those hoping to save money have embraced the idea of a staycation. And while many will have done so to save cash, others - including motorhome owners and camping enthusiasts - will already have experienced the delights of trips across Britain and made the staycation an annual event.
Commenting on the figures, Frances Coulson, R3 president, said: "It's unsurprising that people are choosing to stay at home instead of holidaying abroad to cut down on their expenditure, given that we have seen consumers' disposable income become squeezed as a result of inflationary pressures."
"The nation deciding to stay at home might provide the much needed boost to the UK economy, particularly in tourist areas and coastal towns where insolvency levels rocketed during the recession," he added.
And it could be that new and old staycationers alike who are setting off in their motorhomes benefit from a caravan sat nav system that allows users to plan practical routes based on the vehicle's width, length, height and weight and search for thousands of campsites and stopovers across the world.
[image credit to Mick]