With Savings Intact, Over-50s Increase Their Travel Plans

While some of Britain’s biggest travel operators close shop, the number of adventure travel firms is increasing on a weekly basis. Offering skiing vacations, surfing, and mountain trekking holidays, a surge in bookings for high-end adventure holidays is changing the face of British travel. Even more strangely, the growth isn’t propelled by 20-somethings – it’s grandparents that are leading the way.

The amount of mature holidayers opting for slopes n’ slow on their holiday is increasingly at a rate few could have predicted, leaving adventure travel firms rushing to complete bookings and arrange trips. Over-fifty travellers are one of Britain’s high-growth markets – with a reasonable amount of income and a greater amount of free time than ever, they’re opting for exciting holidays in droves.

That means giving up the poolside lounger and picking up a snowboard, or even taking to the skies before leaping out of an aeroplane. Activities that were once reserved for those in their late teens are growing in popularity amongst fifty-somethings, with adrenaline the drug of choice for filling gaps left by redundancy. It’s not quite a mid-life crisis – for many it’s just a renewed appreciation of life.

Contradicting traditional travel industry trends, it seems as if poor economic performance is fuelling the boom in foreign adventure vacations. With many Britons expecting to remain out of work for an extended period of time, the career cost of an extended vacation is less of a strain than before. Many ‘adventure’ oldies have a reasonable amount of savings, making the financial cost fairly trivial.

Several UK and US-based travel agencies are researching the viability of a fifty-plus specialist firm, aiming to market to the demographic using targeted advertisements and special promotions. Should it succeed, Britain’s travel industry may find itself segmenting into a niche-style collection of small operators, with the current one-size-fits-all brands settling into the commercial background.

57% of Britons Would Like to Retire Overseas, Survey Data Shows

Just over forty percent of Britons would like to retire within the United Kingdom, data from a new survey by Aon Consulting has revealed. Over half of those consulted would prefer to retire outside of the UK, with high-temperature countries such as Spain and Greece winning the popular vote. A smaller number of Britons have also demonstrated interest in retiring to the South Pacific.

Britain’s retirement choices are at odds with those demonstrated in other European countries. Over eighty percent of Spanish workers plan to retire within their own country, claiming that they will be cared for within their own borders. Weather and liveability are the driving factors behind retirement locations, with the majority of Britons opting to live outside of temperate climate zones.

Not surprisingly, Spain was the top choice for British expat retirees, who claimed that the country’s combination of warm weather and vibrant culture make it an ideal place to live. The United States took second place on the list, with Britons opting to live in high-temperature zones such as Florida and California for their retirement years, eschewing other options in temperate states.

While international retirements are a popular desire amongst working Britons, they come with risks that often don’t factor into traditional retirement planning. Due to the variable value of our currency, the cost of living overseas can often balloon after expatriate retirees have left the country. Expats in countries such as Spain and France may have lost up to 30% of their spending power this year.

Other inconveniences such as excess taxation and raised insurance costs can also put a damper on a tropical retirement. While thousands of Britons leave the country every year for sunnier pastures, it appears that many are doing so without giving proper thought to their finances. Enjoy the sun, but be sure to do so with a stable bank balance.