The study, published at the Travel Convention in the Azores, found that 31% of Britons are planning to increase their budget for next year’s holidays – this was up from a figure of 24% a year ago.
Only 14% of consumers say they plan to cut back on holiday expenditure in 2018 while 47% were expecting to spend the same.
The millennial generation is most likely to spend more on their holidays in 2018 than during this year, with 39% of 25-34-year-olds set to splash out extra cash on their breaks, while 34% of those aged 18-24 expect to spend more.
Abta found that nearly one quarter of consumers (23%) are willing to spend extra to make sure they get to travel to the destination they want.
More than half of holidaymakers (51%) are planning a city break in 2018 while 47% are set to take a beach holiday – an increase on the figures in last year’s survey. Some 23% are likely to take an all-inclusive holiday.
Staying in the UK is the most popular destination choice with 66% planning a domestic break, while the other top hotspots will be Europe and North America.
Britons are also becoming more adventurous with 27% planning to visit a new country and 32% expecting to explore a new resort or city.
The survey also found that consumers are confused about the potential impact of Brexit on their holidays with only 19% saying they were “well informed”.
Younger generations feel most confused about what Brexit could mean for travel, including 50% of those aged 25-34 and 41% of 18-24-year-olds.
The most popular destinations:
United Kingdom – 66%
Europe – 63%
North America – 16%
Asia – 10%
South America – 6%
Australia/New Zealand – 6%
Africa – 5%
Arctic/Antarctica – 1%
