Our purpose and strategy
Our purpose is Helping Britain Prosper.
The classic ‘Brit abroad’ is fast becoming a thing of the past, with 71% of people now describing themselves as a global ‘traveller’ rather than a ‘tourist’, according to new research by Lloyds.
It seems, as a nation, we want a deeper, more authentic experience when we head overseas. So much so that 88% agree there are certain traits and habits which are now outdated, according to the national survey of 2,000 Brits.
Almost two in five (39%) say they prefer to immerse themselves in local culture when they go abroad, rather than visit tourist hotspots areas, while 72% make time to learn some of the language before travelling.
Other top signs people are modern ‘travellers’, rather than ‘tourists’, include avoiding tourist traps at all costs (36%), only eating at local restaurants (31%), having artefacts from far flung destinations on your walls at home (23%) and having well-worn walking boots (23%).
One in five (22%) say another sign of a traveller is choosing a debit card based on whether it will incur fees when spending abroad.
Younger people are driving this shift, with 83% agreeing those under 30 are more passionate about getting off the beaten track than their parents’ or grandparents’ generation.
Overall, 40% of modern travellers prefer experiences which take them out of their comfort zone, with two-thirds (64%) dreaming of turning up at the airport, with no idea of where they’re going and boarding a flight to “somewhere.”
The survey also revealed more than half (57%) would not be happy to be seen as a typical ‘Brit abroad’ by other travellers, with old school holiday habits like packing emergency teabags (32%), airport pints in the morning (24%), staying at the hotel buffet for dinner every night (20%) and jostling for sun-loungers at dawn (44%) falling out of favour.
Despite a thirst for adventure, relaxation was still a top holiday priority (73%), followed by good food (55%), and immersion in a new culture (49%).
Olamide Majekodunmi Lloyds Money ExpertIt's fascinating to see how people’s views on travel have changed, from the destinations we choose, to the way we act when abroad. There’s no right or wrong way to holiday and people should always do what feels right for them. But it’s clear the younger generation are looking for a certain sort of experience on their travels. Whether you’re trying to find the perfect memento or a location that is off the beaten track, Lloyds can be your unexpected travel partner, with the tools to help you plan, book and spend better while you’re on holiday.
The research also suggests Brits are widening their horizons this year, with 60% wanting to visit a country they’ve never been to before, with Japan (26%), Australia (26%), New Zealand (25%) and Italy (21%) topping the list.
In contrast, 69% have been put off certain destinations like the Eiffel Tower in Paris (49%), Times Square in New York (40%) and the Colosseum in Rome (31%) altogether, due to overcrowding.
Souvenirs remain a treasured part of the trip. The nation’s favourites include fridge magnets (44%), local wine (22%) and local cheeses (16%).
Lloyds has partnered with global online travel agency, Hopper, to give customers access to in-app flight and hotel bookings, with a whole range of fantastic benefits, including:
Once abroad, Premier, Club Lloyds, Silver and Platinum account holders can use their debit card abroad without any fees from Lloyds, as can MasterCard World Elite credit card holders. Travel Smart for Classic account customers, offering no debit card fees from Lloyds when spending money overseas, is available for £7 for a week.