Cash conscious Brits will not be put off taking their annual holidays in Spain according to My Child, however one commentator has claimed that they will tighten their belts and reign in their holiday spending.
According to FairFX, almost three in five Brits plan to reduce the amount of money they spend on their holiday.
More than half claim that their intentions to retrain their holiday spending stems from an increased cost of living and higher costs of outgoings.
Stephen Heath, chief executive of FairFX.
There could be a surge in the popularity of flights to Spain as epicureans opt for Spanish holidays.
According to the Olive Press, the Spanish have been voted the best cooks in the world, while the country is also home to a number of restaurants that feature in the world top-ten list.
The publication notes that El Bulli - run by chef Ferran Adria - placed at number one in the top Restaurant magazine list while Mugaritz and Arzak in San Sebastian placed in fourth and eighth place respectively.
"Adria offers such an extraordinary eating experience in his restaurant and what is also important is the service and the setting are top notch," Paul Wootton, editor of Restaurant magazine, said.
Consumers are unlikely to be putting off taking their traditional Spanish holiday because of concerns over the state of the economy, it has been reported.
According to Travel Weekly a study by search engine Kayak.co.uk revealed that two thirds of consumers refuse to cancel or alter their holiday plans for this summer.
There has been a "huge growth" reported in the popularity of weddings abroad, according to nuptial information provider Confetti.
According to the commentator, brides and grooms often do so out of a desire to tie the knot in pleasant weather.
La Manga is renowned for its glorious weather - it receives an average of 300 days of sunshine per year - and caters for weddings in the summer and winter months.
Wedding receptions can be held in the Hyatt Regency Hotel, where the chefs can cook up a sumptuous banquet for the bride and groom and their wedding party.
Ciao Surveys recently reported that food plays an integral part when deciding where to travel to on holiday.
On Spanish holidays in La Manga Club there are plenty of restaurants to choose from, including Italian and American burger bars.
However for those looking to enjoy light snacks and healthy cuisine between sporting pursuits, such venues are also in ample supply.
At the Deli-Cafe at Hyatt Lomas Village holidaymakers can enjoy breakfast on the terrace while taking in early morning views of the La Manga Club resort.
Holidaymakers who take a good quality travel guide with them on their flights to Spain can "improve" their holiday, it has been reported.
According to Andy Riddle, managing director of the travel guide publishers Footprint, well-written travel guides produced by dedicated authors and publishers can make the difference on a holiday in Spain or elsewhere.
Mr Riddle added that when the writer "really knows the country" guidebooks can be a "shortcut" to opportunities that might in other circumstances be overlooked.
A travel guide market research report published by professional travel photographer Jim Batty in April 2006 found that the most likely person in the UK to buy a travel guide is a professional and busy Londoner aged between 25 and 34 years old.
Britons taking flights to Alicante this May bank holiday will find that their visit coincides with a performance by German band Scorpions.
The heavy metal band are due to begin the Spanish leg of their world tour in Madrid on May 7th and will perform in Alicante on May 9th 2008.
The group is then scheduled to play in Almeria on May 10th.
Scorpions are a group that date back more than 30 years and have accrued a number of hits and band members during their tenure.
A number of reasons have been given in regards to the benefits of booking flights to Spain online.
According to independent UK consumer body Holiday Which? "convenience" is one of the main factors in booking holidays and flights online.
Kate Shipp, a researcher, noted that online travel websites allow you to search for and book your holidays to Spain and elsewhere without leaving your immediate location.
"And it's also about being able to compare things quickly on price and choice.
There are many ways of booking a holiday in Spain - such as online, over the phone and over the counter at a travel agents - and travellers are best off choosing the method that best suits their needs.
Holiday Which?, an independent UK consumer body which seeks to provide holidaymakers with unbiased information, noted that those who feel reassured by face-to-face contact could be better visiting a travel agent.
This mode of booking is probably also best suited to technophobes who shy away from booking their flights to Spain online.
"Our research has shown that there are still people out there who like to use a travel agent.
Spanish holidays have been tipped to be in high demand over the May bank holiday break.
According to easyJet, around 450,000 UK travellers are set to fly to hot destinations for the long weekend.
The budget airline claimed that one driving factor making travellers head abroad is the predicted cold and bleak UK weather this weekend.
"More people than ever are taking advantage of their Bank Holiday weekends, with over 450,000 passengers jetting off across Europe with easyJet to soak up a little sun or experience a few cultural days away on a city break," easyJet consumer public relations executive, Marianne West, said.