One in three Britons will cut holiday spending as living costs rise

Travel industry research finds strong demand after pandemic but fears over inflation and weak pound

One in three holidaymakers will cut back on spending next year due to the cost of living crisis, according to travel industry research.

The travel association Abta said a strong recovery in demand for travel this year was expected to continue next year, but its own surveys suggested people would opt for cheaper trips and cut back on spending money.