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New Research Shows Expected Christmas Spending Trends

UK Families Expected to Spend £20 Billion on Christmas in 2009
Finance, Lifestyle - 19 November 2009   Download IconContent available for download:  
Audio | Mike Godolphin Interview - Christmas Spending| Login to Download

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. Introduction:

This year has seen increasing debt, record repossessions, rising unemployment and is what many people consider to be the most depressing year of the 21st century so far. For this reason, there seems to be a positive backlash to all the doom and gloom with many families aiming to make this Christmas as positive and fun as possible. In fact, latest research showed that nearly a quarter of Brits will be taking a Christmas break or festive escape this year, yet holiday firms have reported UK customer bookings are down by as much as 23%. In addition, considering the continued strength of the Euro, could this mean that domestic trips are on the up?

The UK rises above the economic situation to spend £20 billion on Christmas with £1.6 billion on food and drink alone. This festive period it is expected the UK will consume approximately 10 million turkeys, 25 million Christmas puddings, 250 million pints of beer and 35 million bottles of wine.

Latest research reveals that nearly a quarter of Brits (24%) are planning to take a Christmas break this festive period, yet holiday companies have reported that UK customer bookings are down by as much as 23%. This coupled with the strength of the Euro, suggests domestic trips are increasingly becoming the popular option.

With so much doom and gloom is it realistic to have a fun and entertaining Christmas?