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Devon and Cornwall set to benefit from £3bn staycation bonanza

Report says 23m Brits will holiday in the º£½ÇÊÓÆµ with Cornwall the top destination, ahead of the Lakes and Devon

Porthmeor beach, St Ives, Cornwall. (Image: Cornwall Live)

Devon and Cornwall are in line for a £3billion staycation bonanza as new research estimates 23million Brits will holiday in the º£½ÇÊÓÆµ in 2021.

Cornwall has come top of a list, with Devon third and Dorset eighth, for counties that are expected to reap the most cash from holidaymakers this year, as Covid travel restrictions limit foreign holidays.

The study, by , says Cornwall will enjoy a £1.693billion staycation windfall, with Devon in line for £1.534billion. They sandwich the Lake District in second place, with £1.635billion expected to pour in, while Dorset is predicted to earn £1.116billion from the holiday trade.

Barclays said that if 23million Brits holiday in the º£½ÇÊÓÆµ this summer it will add almost £31billion to º£½ÇÊÓÆµ GDP. Billion-pound windfalls will be enjoyed by the 10 most popular holiday destinations – including Yorkshire, London, North Wales, Scottish Highlands, South Wales and Cotswolds - the bank said, with hotels, B&Bs and tourism economies set to benefit as the accommodation and indoor hospitality sector reopens on May 17.

Steve Double, MP for St Austell and Newquay and chair of the All-Party Parliamentary Group for Hospitality and Tourism, said: “When it comes to location for a Great British staycation, Cornwall has always been top of the list for º£½ÇÊÓÆµ holidaymakers and this summer will be another busy one for hotels, B&Bs, pubs and restaurants in Cornwall and many other parts of the º£½ÇÊÓÆµ.”

The pandemic has encouraged people to support the nation’s economy, Barclays said, and half of British holidaymakers (48%) are planning trips that will allow them to explore areas in the º£½ÇÊÓÆµ with lots of small independent businesses.

Restaurants are also central to people’s holiday hopes, with access to a top dining spot considered to be “really important” by more than half of Brits (54%) when on holiday.

The impact of the pandemic is also shown in people’s holiday preferences, the report said. After so much of the past year being spent in lockdown and apart from loved ones, being together is set to be a common theme of this year’s holiday season, with three in five Brits (58%) expecting a resurgence in family holidays.