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Britons ‘still planning their holidays despite economy’

British consumers facing tough economic conditions at home are still planning to go on holiday, new research from Tui Travel shows.

The firm, which owns Thomson and First Choice in the UK, claimed today that sales over the past six weeks were nine per cent up on the same period in 2007.

Winter holiday bookings also showed a 15 per cent increase, the Guardian reports.

In recent months, the global credit crunch has seen a general economic slowdown and house price inflation coming to a dead halt.

Inflation is also on the up – with a new benchmark pegging the current annual rate at three per cent today.

Tui chief executive Peter Long said: “We see no evidence of deteriorating consumer sentiment in our booking patterns, in the average holiday duration booked, average selling price or cancellation rates.

“This confirms our research that the annual holiday is an important component of the family budget.”

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