Travel insurance and holiday plans for Britain's rich are likely to be unchanged by the credit crisis, it has been suggested.
The credit crunch has yet to affect the travel insurance and holiday plans of high-earning customers, industry experts have suggested.
According to Luxury Travel Magazine, which specialises in vacation trends among high net worth individuals, it will be "business as usual" this summer - despite the recent economic downturn. Alyson Cook, editor of the magazine, added that a recent readers' poll has revealed striking attitudes to the credit crisis.
"Upmarket travel agents and premium tour operators [are] saying their prediction for 2008 was very much business as usual. Their clients are - because they are at the high-end; more immune to the vagaries of the economic climate in the UK," she commented. "In this particular market, because they are cash rich and time poor, their holidays are sacrosanct - particularly with families."
Further research from Luxury Travel Magazine, which was conducted earlier this year via email survey, found that just 22 per cent of respondents expect a decrease in holiday spending. By contrast, 72 per cent expected a slight increase in expenditure, while a further seven per cent predicted that it would "increase greatly".
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