The majority of Britons are refusing to give up their hard-earned holidays in Spain, despite the prospect of a recession.
Research by the Co-operative Travel found that just seven per cent of people would consider cutting back on travel.
Although many people have jet to finalise their holiday plans, 65 per cent of those surveyed said they hope to travel abroad this year, Travel Weekly reports.
Trevor Davis, the company's head of retail distribution, commented: "Like a lot of people in the UK at the moment, many of our customers have concerns over the economy and job security and this is making it difficult for them to plan holidays in the short term.
The eliminatory round of the Davis Cup tennis tournament is to be held in the Spanish resort of Benidorm, it has been revealed.
According to news source Typically Spanish, Benidorm will be the location for matches between Spain and Siberia, between March 6th and 8th.
Spanish captain Albert Costa has reportedly expressed his approval at the match being played at sea-level.
Meanwhile, those looking to brush up on their own tennis skills can head to the nearby La Manga Club, which is home to 28 multi-surface tennis courts.
Budget carrier Ryanair has announced plans to expand at three of its bases.
The airline will increase the number of aircraft based at Alicante Airport from one to four, as well as introducing a number of new routes.
With more flights to Spain than ever, the airline expects to carry more than two million passengers to Alicante every year a move which could sustain up to 2,000 local jobs.
Expansion will also take place at Bristol and Edinburgh Airport.
One of Andalucia's most popular tourist attractions celebrated the 50th anniversary of its discovery earlier this week.
The Nerja Caves were found almost half a century ago by five local children who were searching the area for bats, Typically Spanish reports.
Four of the five are still alive and had a plaque unveiled in their honour by the Mayor of Nerja on Monday.
A number of other events have also been scheduled to mark the anniversary, including an arts festival.
Those taking holidays in Spain over the next month will have the opportunity to view a number of large-scale sculptures by Spanish artist Baltasar Lobo.
The 16 sculptures went on display earlier this week at the Calle Marques de Larios in Malaga and will remain there for the next month, sur.com reports.
Completed between 1962 to 1991, the bronze pieces are all between 1.
The thought of taking holidays in Spain and other sun-soaked destinations is helping many Brits get through the credit crunch, it has been claimed.
According to the Association of British Travel Agents (Abta), 50 per cent of people believe that a break abroad will provide a "vital escape" from credit crunch pressures.
Furthermore, the study shows that holidays are three times more prized than pay increases.
Commenting on the findings, psychotherapist and life coach Christine Webber, who developed the study, said that looking forward to a holiday can help people to focus more on current tasks.
Britons looking to escape the chilly winter weather and enjoy a romantic getaway this Valentine's Day may wish to consider a break at La Manga Club in Spain.
Couples can enjoy a gourmet meal in one of the resort's fine restaurants or perhaps indulge in some relaxing spa treatments.
A number of great-value deals are currently on offer and couples can also make the most of the resort's exceptional sports and leisure facilities, which include three championship golf courses and 28 multi-surface tennis courts.
In related news, a number of airlines slashed their fares on flights to Spain, with Ryanair, bmibaby and easyJet announcing price cuts last week.
The pound's exchange rate with the euro and dollar may be unfavourable at the moment, but holidaymakers can still find ways of cutting their costs, it has been claimed.
Writing in the Travel Mail, Anne Shooter said there are plenty of good-value deals on holidays to Spain and other destinations for those prepared to shop around and plan ahead.
Taking out an annual travel insurance policy is one way to save money, particularly for families that take holidays regularly throughout the year and pre-booking airport car parking is also advisable.
Using a debit or credit card which doesn't charge for overseas' transactions can also help to cut costs, as well as shopping around for the best foreign exchange deals.
Spain will always have a special place in the hearts of British holidaymakers and continues to offer excellent value for money, it has been claimed.
Despite the strength of the euro, there are still some fantastic deals to be had on holidays to Spain and there are several ways in which travellers can cut their costs, the Telegraph reports.
Getting to Spain is very cheap, with several budget airlines serving the country.
Those offering regular flights to Spain include easyJet, Ryanair, Flybe and Iberia, with the majority of those serving popular tourist hotspots such as Murcia, Malaga and Alicante.
An increasing number of Britons are travelling abroad to take part in cultural pursuits and learn about other countries, it has been revealed.
A recent poll by the Association of British Travel Agents revealed that just five per cent of people travel abroad to attract members of the opposite sex, while an impressive 18 per cent spend their holidays visiting cultural attractions.
Other reasons given for taking holidays in Spain and other destinations include relaxing and taking a break from routine.
Commenting on the results, Casia Zajac, head of communications at the organisation, said: "Holidays are important to people in different ways but the research is clear that holidays are a vital part of people's year and still will be this year despite the economic downturn.