With the UK experiencing record breaking temperatures this summer, new research from American Express shows over 40 million UK adults (77%) will stay at home over the August bank holiday weekend and plan to spend £104 each – equating to £4.2 billion across the UK.
While Brits hoping for a sun-filled staycation are set to treat themselves to a spot of shopping and meals out, tackling some home improvements will also be a popular choice over the long weekend.
|Top five activities for the August bank holiday||Average spend|
|Going to a restaurant for a meal||£19|
|Going out for drinks (pub, bar, etc.)||£12|
|Going to a theme/amusement park, zoo, outdoor activity centre etc.||£10|
Stephen Steinhardt, director at American Express, says: “It’s the last bank holiday before Christmas, so it’s great to see that so many people will be making the most of the extra day off. Whether it’s a long weekend fixing up the house or enjoying a barbecue in the sun, it’s also wise to make the most of bank holiday spending. Putting costs on a credit or charge card that offers rewards or cashback for spending means more treats can be enjoyed when it comes to the festive season later this year.”
American Express offers the following tips to help people to enjoy the bank holiday weekend:
- Earn rewards to use when the weather cools down: with Brits preparing to spend hundreds this bank holiday, use a card that gives rewards and points that can be redeemed in the run up to Christmas. The American Express Platinum Cashback Everyday Credit Card offers up to 5% cashback on spend in the first three months (up to £100 cashback)
- Explore what’s on your doorstep: if there’s a park, a wood or an open garden near where you live that you’ve never explored, make a plan to tick it off your list this weekend. Pack a picnic and a blanket and enjoy a free and fun adventure on your doorstep
- Check activities and events in your local area: often there are free or cheap activities or festivals taking place over the long weekend. Check the internet or your local paper to see what’s happening near you
- Rewarding research: while there may be no such thing as a free lunch, doing your research can certainly make your money go further when it comes to eating out. Look online for restaurant vouchers and discount codes. If you use a credit card that offers rewards check what deals are available through your card
- Share the cooking: to make the most of the extra day off many will be planning on catching up friends and family, help spread the cost of hosting by asking everyone to bring their favourite dish or drinks to ensure everyone gets to enjoy the day