Brits remain cautious about committing to holidays abroad but are far more confident about the UK economy

Growing optimism about prospects for economic improvement over the next 12 months has not yet translated into a rise in confidence to plan holidays abroad, according to the latest Holiday Confidence Index report.

The BREXIT vote and sharp falls in the value of sterling since the EU referendum are likely to be the root cause of a one point fall in the Winter 2016 index to 48. Created by First Rate in association with the Institute of Travel and Tourism and YouGov, the report is published annually. It provides individual measures of holiday intent, planned frequency, duration and associated spending which is combined to produce an overall index of consumer ‘holiday confidence’ for the coming 12 month period.