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Published 09:37 20 Feb 2023 GMT
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The research also revealed 27 per cent of holidaymakers are more likely to book a staycation this year due to the rising cost of living.
Nearly a quarter (23 per cent) have already booked their staycations for 2023, while 34 per cent are planning to get one organised.
A massive 94 per cent said it is important to them that they are getting good value for money when booking a holiday, and 75 per cent want to get the best bang for their buck with accommodation.
However, 26 per cent of those who are planning to go away this year said their holiday kitties have decreased because of the rising costs they are contending with.
The study, conducted via OnePoll, found that, this year, the average traveller will set aside nearly £1,800 for their trips.
To help keep within their budgets, one in three will book their getaways out of peak seasons, while 29 per cent will spend more time researching the best deals.
And 28 per cent will book self-catering accommodation so they can keep the cost of meals down while away.
But despite having less money than usual to go away with, 64 per cent will not let it deter them from having a memorable trip.
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Graham Donoghue added: “Despite the cost-of-living crisis, millions of Brits are still eager to get away in 2023, with many opting to stay in the UK instead of heading abroad on their holidays to keep costs down.
“But who can really blame them when there is much to love about going on staycations?
"Throughout the UK, we are spoilt for choice when it comes to a diverse range of landscapes, activities, and history to enjoy, offering multiple opportunities to create lifelong memories for all groups of travellers, no matter what your budget is.”
To help holidaymakers looking for an affordable getaway this year, Sykes Holiday Cottages has compiled a roundup of the UK's best value destinations alongside tips and insights on how to stick to a budget.
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