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Holidaying to excess
Holidaying to excess - Britons load up planes with extra shopping. 12 August 2005 - Barclays
Almost half of women in the UK (46 per cent) admit to needing an extra bag to carry their excess shopping home from holidays overseas, according to Barclays Bank Insurance research released today. Barclays is urging shoppers to be aware of how much their suitcase will be worth on their return to the UK - and how much they stand to lose if their uninsured or underinsured luggage gets lost.
Shopping meccas around the world are now proving to be more popular than the beaches as holiday destinations. New figures from Barclays reveal that Britons are visiting shopping cities such as Paris, New York and Dublin in their droves. Barclays data indicates that last year British shoppers spent at least £285million in Paris; £275million in New York and £250million in Dublin.*
According to the survey by Barclays General Insurance, almost a quarter (23 per cent) of all holidaymakers surveyed admit to being forced to buy a new bag on holiday and one in five (20 per cent) admit to taking a spare bag with them to help carry home all their new purchases.**
Adrian Grace, managing director of Barclays Insurance, comments: "Many of us succumb to that splurging feeling whilst we're on holiday but it's surprising ...cont/
that many people plan for the mass holiday spending by taking extra luggage with them. However, holidaymakers need to understand that they should have comprehensive and up-to-date travel insurance to cover their pre and post-shopping luggage and remember, keep receipts of any spending in case you need to claim."
What is the cost of your suitcase contents?
Whilst the average cost of an outbound suitcase stands at £1,307 for a woman and £1,004 for a man***, the survey results show that return suitcases increased in value on average by £170 with goodies holidaymakers purchased when abroad.* This means holidaymakers experiencing a lost luggage dilemma may be shocked that it's not only their new clothes that they're missing, but they could end up out of pocket if underinsured.
The survey from Barclays also revealed: **
. 35 per cent of women would fill their suitcase with pairs of shoes on their way back from holiday.
. Contrastingly, 27 per cent of men preferred to purchase new gadgets such as iPods and cameras.
Barclays has launched a range of competitive insurance products meaning holidaymakers can have access to a range of cover for less money - perhaps making a saving of over £26 on a single trip travel policy. Barclays single and multi-trip policies can cover personal baggage up to
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£1,500. These are backed up by service guarantees and improved access and distribution. Barclays General Insurance is available at over 2,000 branches, the telephone and the internet which features a 'quote and buy' facility.
Visit Barclays Home Insurance for more information about Barclays' home, motor and travel cover.
. Travel insurance limits - Baggage is covered up to £1,500 it includes cover for loss or damage to personal belongings. A Limit of £250 applies per item and up to £250 in total for all valuable items (this applies for golf equipment). For delayed baggage up to £100. There is also a £50 excess.
. *Source: All spending figures compiled using Barclays own data mining and database technology which is able to identify key trends in people's spending from a customer base of more than 13 million current accounts and Barclaycard customers (from April 2004 to April 2005).
. **Research carried out by ICM Research between 3 and 5 August 2005 amongst 626 adults in the UK who have been on a foreign holiday in the past three years.
. ***Detailed workings of average suitcase value available on request.
. Keep all receipts for goods purchased. Do declare to customs and excise for any tax liability above and beyond the customs limit for the country your travelling back from.
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