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Nearly one in three Brits altered their holiday plans to be in the UK for Thursday’s General Election

Published

4 days ago

July 1, 2024

15% of Brits have planned their summer holidays around the Euros and Olympics

85% of Brits plan to spend as much or more on travel in the next 12 months as they did in the past 12 months, indicating a strong outlook for the travel and holiday sector

MANCHESTER, England, July 1, 2024 /PRNewswire/ — The announcement of the snap UK general election in May prompted nearly a third of Brits to alter their holiday plans, according to new consumer research from Travel Counsellors, the UK’s largest and fast-growing technology platform for travel entrepreneurs that connects over 2,000 independent business owners.

Despite the influence of the General Election on some people’s holiday plans, the consumer research also indicated that the travel sector is set to remain in rude health over the next 12 months, with 85% of people saying that they will spend as much or more on travel in the next year as they did in the last year. Moreover, the data indicated that travel remains Brits’ top spending priority over the next year, ahead of other discretionary categories such as fashion, eating out, and home and garden renovations.

The survey of 2,000 nationally representative respondents found that:

16% of Brits said they have altered their holiday plans to be in the UK at the time of the general election so that they could vote in person
A further 14% of Brits said that they had altered their holiday plans to be around in the build-up and at the time of the general election as it’s an important moment for the UK
Additionally, 15% of Brits said that they had planned their summer holidays around the Euros and Olympics, including choosing destinations where they can watch the matches and competitions in person. This is backed up by Travel Counsellors’ own booking data, with a more than doubling in customer bookings for departures to Germany in June.

Steve Byrne, CEO of Travel Counsellors, comments on the findings: “Demand for summer holidays and travel remains exceptionally strong, with our research indicating it remains the top spending priority for consumers, albeit this year a significant number of people are making plans around key events such as the Euros, the Olympics and the general election.

“At Travel Counsellors, we have seen very strong booking trends and consumer demand during the first half of the year, which underscores the enduring and growing importance of holidays in providing a much-needed escape and opportunity for relaxation.”

About Travel Counsellors

Travel Counsellors is the UK’s largest and fast-growing technology platform for travel entrepreneurs that connects over 2,000 independent business owners, ultimately enabling them to deliver exceptional levels of customer service. In the year to 31 October 2023, Total Transaction Value (“TTV”) on the platform was more than £900m, up more than 20% against the prior year. Travel Counsellors is multi-award-winning and has a five star, ‘Excellent’ rating on Trustpilot. It was founded in 1994. For further information about Travel Counsellors, please visit: https://www.travelcounsellors.co.uk/our-story/

Notes to Editors
The research was conducted by Censuswide, among a sample of 2,001 UK adults (Aged 16+). The data was collected between 20/06/24 and 21/06/24. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct which is based on the ESOMAR principles.

View original content:https://www.prnewswire.co.uk/news-releases/nearly-one-in-three-brits-altered-their-holiday-plans-to-be-in-the-uk-for-thursdays-general-election-302186028.html

Latest News

The Growing Demand for Advanced Voice Surveillance Technologies

Published

12 mins ago

July 5, 2024

Peter Tolan

The demand for advanced voice surveillance technologies is on the rise as organizations seek to enhance security and compliance. These technologies offer innovative solutions for monitoring and analyzing voice communications, providing valuable insights and protecting against potential threats.

Understanding Voice Surveillance

Voice surveillance technologies utilize advanced algorithms and artificial intelligence to monitor and analyze voice communications in real-time. These systems can detect keywords, phrases, and patterns that may indicate suspicious or non-compliant behavior.

Key Applications

Voice surveillance technologies are used across various industries, including finance, healthcare, and law enforcement. Key applications include:

Compliance Monitoring: Ensuring adherence to regulatory requirements by monitoring voice communications for non-compliant behavior.
Security: Detecting potential threats and preventing unauthorized activities by analyzing voice patterns and interactions.
Customer Service: Enhancing customer service by monitoring and analyzing interactions, identifying areas for improvement, and ensuring quality standards are met.

Benefits

The adoption of advanced voice surveillance technologies offers several benefits:

Enhanced Security: Real-time monitoring and analysis of voice communications help detect and prevent potential threats.
Regulatory Compliance: Ensuring compliance with industry regulations and avoiding costly penalties.
Improved Efficiency: Automating voice monitoring processes saves time and resources, allowing organizations to focus on core activities.

Challenges

Despite the benefits, implementing voice surveillance technologies presents challenges. These include concerns about privacy, the need for robust data security measures, and the potential for false positives. Organizations must address these challenges to fully leverage the potential of voice surveillance technologies.

Future Trends

As technology continues to evolve, the capabilities of voice surveillance systems are expected to expand. Future developments may include more sophisticated algorithms, improved accuracy, and greater integration with other security and compliance tools.

Source of the news: Fintech Global

The post The Growing Demand for Advanced Voice Surveillance Technologies appeared first on HIPTHER Alerts.

Latest News

How Should Regtechs Be Preparing for DORA?

Published

2 hours ago

July 4, 2024

Peter Tolan

The Digital Operational Resilience Act (DORA) is set to transform the regulatory landscape for financial institutions and their service providers. Regtech companies, which specialize in regulatory technology solutions, must prepare for the changes DORA will bring to ensure compliance and operational resilience.

Understanding DORA

DORA aims to enhance the digital operational resilience of financial entities by establishing a comprehensive regulatory framework. Key aspects of DORA include:

Risk Management: Implementing robust risk management frameworks to address digital operational risks.
Incident Reporting: Establishing processes for timely reporting of significant incidents.
Third-Party Risk: Managing risks associated with third-party service providers, including cloud services and IT vendors.

Preparing for DORA

Regtech companies should take proactive steps to prepare for DORA, including:

Enhancing Solutions: Developing and enhancing solutions that help financial institutions comply with DORA requirements, such as risk management tools and incident reporting systems.
Collaboration: Collaborating with financial institutions to understand their specific needs and tailor solutions accordingly.
Training and Education: Providing training and educational resources to help clients understand DORA requirements and implement necessary changes.

Challenges and Opportunities

While DORA presents challenges, it also offers opportunities for regtech companies. By developing innovative solutions that address DORA requirements, regtechs can differentiate themselves in the market and attract new clients.

The Path Forward

As the implementation date for DORA approaches, regtech companies must prioritize compliance and operational resilience. By staying ahead of regulatory changes and providing valuable solutions to their clients, regtechs can play a crucial role in enhancing the digital operational resilience of the financial sector.

Source of the news: Fintech Global

The post How Should Regtechs Be Preparing for DORA? appeared first on HIPTHER Alerts.

Latest News

Lenovo Partners with Trustly to Introduce Open Banking at Checkout Across the UK and Europe

Published

4 hours ago

July 4, 2024

Peter Tolan

Lenovo, a global leader in technology, has partnered with Trustly to integrate open banking solutions into its checkout process across the UK and Europe. This partnership aims to enhance the payment experience for customers, offering more secure and efficient transactions.

The Partnership

Trustly, a leading provider of open banking solutions, will enable Lenovo to offer direct bank transfers as a payment option at checkout. This integration leverages open banking technology to facilitate seamless and secure payments, improving the overall customer experience.

Benefits for Customers

Customers purchasing Lenovo products in the UK and Europe can benefit from:

Enhanced Security: Open banking solutions offer a secure alternative to traditional payment methods, reducing the risk of fraud.
Faster Transactions: Direct bank transfers enable quicker payment processing, ensuring a smooth and efficient checkout experience.
Convenience: Customers can complete transactions directly from their bank accounts, eliminating the need for credit or debit cards.

Impact on the Payment Industry

The partnership between Lenovo and Trustly highlights the growing adoption of open banking solutions in the payment industry. Open banking offers numerous advantages, including improved security, faster transactions, and enhanced customer convenience. As more companies integrate open banking solutions, the payment landscape is expected to evolve, offering more options and benefits to consumers.

Looking Ahead

Lenovo’s partnership with Trustly is a strategic move to stay ahead in the competitive technology market. By embracing open banking, Lenovo aims to provide a superior payment experience and build stronger relationships with its customers. Future developments may include the expansion of open banking solutions to additional regions and the integration of new payment features.

Source of the news: Fintech Global

The post Lenovo Partners with Trustly to Introduce Open Banking at Checkout Across the UK and Europe appeared first on HIPTHER Alerts.