Growing numbers of older, professional workers are also satisfying their wanderlust by putting careers on hold for a year out of the rat race. But experts are warning all travellers to plan ahead to cover often overlooked essential costs, such as vaccinations, travel visas and insurance.
Some insurers say Egypt is part of Europe and others will reject claims after a drink or two: Five strange clauses hidden in your travel policy
Don't leave sorting your holiday cash to the last minute: We reveal how long it takes to apply for the top cards for spending - and when to buy currency
Every year most of us leave sorting out our holiday spends to the last minute, pushing up the cost. Leave it too late and you won’t have enough time to apply for a cheap overseas card or give yourself the time to ensure you are getting the best rate. So we have put together a time line of when you need to start looking for a cheap travel credit or debit card and how to catch the rate at its best when changing currency.
'Our family "gap year" has been amazing...but having a budget is vital': Follow our cash saving checklist to ensure a worry-free trip to holiday heaven
British travellers will make tens of millions of trips abroad in the coming months – in the process receiving poor currency deals, being caught out by car hire cons and travelling without insurance. We highlight the financial concerns you should tick off your list before you head off on holiday. Cashback, prepaid cards, camping and strict budgeting have all helped the Trivetts (pictured) fund their trip. They quit the humdrum of normal life in the UK to embark on a world tour - travelling across North America, South America, Australasia, Asia and currently Europe.
THIS IS MONEY'S FIVE OF THE BEST HOLIDAY MONEY DEALS
Halifax's Clarity Credit Card charges no fees on overseas purchases and withdrawals - but remember interest will be applied immediately, so make sure to pay off holiday spends quickly. 18.9% APR.
The American Express Premium Plus Credit Card offers a 25,000 free Avios boost when you spend £3,000 in the first three months. Plus its pays 1.5 Avios per £1 spent on the card. It carries a £195 annual fee. 76% APR.
Santander's Zero Credit Card offers fee-free overseas spending and cash withdrawals. There is no annual fee but remember to clear the amount quickly as interest of 18.9% APR is applied to overseas transactions immediately.
FairFX is offering This is Money readers a free prepaid Mastercard currency exchange card. It offers highly competitive exchange rates, no foreign transaction fees and low cash withdrawal charges abroad. It also comes with a £10 bonus when you top up.
Metro Bank lets you use your debit card for free in Europe for both spending and cash withdrawals. In the rest of the world it costs £2.50 with an extra £1.50 cash withdrawal fee.
Avios air miles scheme to close: But will you lose out or be better off? Here's what you need to know now
The popular airline rewards scheme, Avios Travel Rewards is closing, affecting around 2.4 million customers who will need to transfer to the British Airways Executive Club scheme instead. Here's everything you need to know about the changes, what they mean for your points pot and whether you could in fact end up better off.
One in two travel insurance policies don't cover cruises - here's how to make sure you're protected - and the small print to look out for
Just 56 per cent of single policies and 59 per cent of annual travel insurance policies include cover for a cruise trip as standard, so it’s well worth checking you’re covered as soon as you’ve booked the trip. If you do get it wrong and end up on a cruise trip and need to claim – and find out your insurance doesn’t cover you – you could be left severely out of pocket.
Many airlines force passengers to pay an upfront charge to guarantee seats next to each other. If you don't choose this option, a computer automatically assigns seats for you. So the chances of two parents with one teenage child being automatically given seats in a row of three on a Ryanair flight are so slim that there is a better chance of them winning £100 in the National Lottery.
Cost of a passport using the Post Office check and send service is set to rise by 15% - but you can avoid the hike
The cost of a British passport is set to rise next month - and travellers using the Post Office for their application are among the hardest hit. Purchasing the document at the Post Office using its check and send service will cost £94.75, This is Money can exclusively reveal, compared to the £82.25 it costs at the moment. The increase marks a rise of 15 per cent - considerable above the current three per cent rate of inflation.
THIS IS MONEY'S FIVE OF THE BEST CREDIT CARDS
Tesco Bank's Balance Transfer Credit Card gives 36 months of 0% interest on balance transfers for a 2.69% handling fee if made within the first 90 days. Make sure to clear the balance before interest shoots up to 18.9% APR
Sainsbury's Bank's Nectar Credit Card offers 28 months 0% interest on purchases. Shoppers earn 500 bonus Nectar points per £20 supermarket spend (up to 5,000) in the first two months. 18.9% APR
Santander's Everyday Credit Card charges no handling fees and offers 27-months 0% interest on balance transfers with 3 months interest-free purchases. It comes with 18.9% APR
The Amex BA Premium Plus Credit Card offers 25,000 Avios if you spend £3,000 in the first 3 months. Plus a £10,000 annual spend get you a free companion ticket. The card comes with an annual fee of £195 per year. 76.9% APR
Virgin Money's All Round Credit Card comes with 30 months interest-free spending You also get 30 months 0% interest on balance and money transfers. It charges 2.9% and 4% respectively in handling fees. Standard interest is set at 18.9% APR
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