A significant proportion of British holidaymakers splurge their remaining holiday money on souvenirs in the final days of their trip, according to research from the Post Office.
The research found that more than a third (38 per cent) of Brits abroad make last-minute purchases to use up their leftover euros or dollars.
Ten per cent opt for holiday souvenirs such as t-shirts and baseball caps – as well as the more traditional sombreros and straw donkeys; perhaps no wonder therefore that the Post Office also found that almost three-quarters (72 per cent) of panic spenders regret their last-minute purchases.
Hugh Stacey, head of travel services at the Post Office, said: "Our research demonstrates that the phenomenon of the 'last-minute holiday splurge' results from holidaymakers trying to use up their cash on the final day of their holiday.
"With almost three-quarters of people regretting their holiday purchases, we are reminding UK travellers of the benefits of keeping hold of their currency and changing it back when they return home."
Boredom was the overriding motivation for last-minute purchases, the Post Office found – almost two-thirds (63 per cent) of British travellers opt for a touch of retail therapy in the last days of their holiday in order to kill time.To read more about banking, click here.
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