Term-time holiday fine rise won't stop us, say parents

Published On Sep 4, 2024, 7:08 PM

Recent data shows that school attendance in England has significantly declined, with 5% of pupils absent without permission during the final week of the summer term. This rise in absences coincides with the government's increase in fines for taking children out of school during term time—from £60 to £80, with further penalties for repeat offenses. Despite these penalties, many parents, including those operating businesses, continue to prioritize family vacations to reduce costs, especially as travel during term time is cheaper. Travel agencies report a rising trend of families choosing to vacation during school terms, despite potential fines.

Stock Forecasts

The travel sector, particularly companies offering vacation packages and flights, may benefit from the increased inquiries and bookings from families planning trips during term time. This trend suggests that travel companies could experience increased revenue as families opt for more economically viable options during peak price spikes in summer.

Airlines and travel operators could see an uplift in demand for their services as the cost of holidays during peak times drives families towards term-time travel. This could lead to increased revenue and potential stock appreciation in airlines servicing popular family destinations.

Related News

Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.

XLK
WW
DAL

Economists forecast that the rise in consumer prices will slow to 2.3 percent in the year through September, the latest evidence that inflation appears to have come under control.

XLF
PEP
DAL

The Dow and S&P 500 closed at new highs on Wednesday.

SPY
DAL