Younger UK Holidaymakers Bank on Holidaying with Parents

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The Post Office advises families travelling together on how to save get the best out of their foreign currency travel money

Research by Mintel has revealed that there has been a year-on-year increase on the percentage of young adults and teens who want to go on holiday with their parents, rather than take their own holiday. Less than a quarter (23 per cent) of young UK holidaymakers aged 16 to 25 said they did not want to go on holiday with their parents in 2010, compared to over a third (36 percent) in 2008.

The research suggests that finances may be impacting young adults and teens' desire for holiday independence, as almost one-fifth of 16-to-25 year olds (18 per cent) , said they were unable to afford to travel without mum and dad. For families jetting off together and looking to make their travel money go further, Post Office Travel Money suggests shopping around for the best deals on foreign currency exchange rates and 0% commission deals in advance of jetting off.

The Post Office reminds all UK holidaymakers purchasing travel money last minute at the airport can be expensive due to commission fees and uncompetitive foreign exchange rates.

Sarah Munro, Post Office Head of Travel Money, said: "There is plenty families can do to avoid getting stung on holiday. Families can avoid wasting travel money by not leaving it until the last minute and changing their foreign currency at the airport."

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