A new survey has revealed that consumers are turning to travel more than ever during these stressful times.
Research carried out by GeckoGo and World Nomads found that 22 per cent of travellers worldwide are planning to take more holidays over the coming year.
The figures clearly suggest that during tough economic times, holidays are one of the last things to go.
The survey also revealed that 51 per cent of people plan to travel just as much this Christmas as they did in 2007.
Although holidays are concerned about the current economic climate, they are not worried enough to change their travel plans, it has been revealed.
A recent survey carried out by GeckoGo and World Nomads found that 43 per cent of worldwide travellers think the downturn is "terrible".
However, just 15 per cent of those polled say the credit crunch will have an impact on the amount of travelling they do.
In fact, 22 per cent of people are planning to take even more holidays in Spain and other destinations this year.
Leading budget carrier Ryanair, which offers regular flights to Spain and other European destinations, has experienced an increase in passenger numbers.
According to figures released by the airline yesterday, 4.32 million passengers were carried during the month of November, representing an 11 per cent increase on the same period in 2007.
The increase indicates that despite the current economic downturn, people are still keen to enjoy holidays in Spain.
The region of Murcia, which is popular with families taking holidays in Spain, is saying bah humbug to the credit crunch and increasing the amount spent on public Christmas decorations.
According to Typically Spanish, Murcia is one of the few Spanish cities that is planning to up spending on festive lights.
This year's budget is 346,000 euros, compared to 309,000 in 2007.
However, the extra money has gone to good use, with the city investing in low-energy LED bulbs which should decrease the cost of electricity and environmental impact.
Numerous surveys and polls have revealed that despite the credit crunch, Britons are unwilling to sacrifice their hard-earned trips abroad.
However, there are a number of steps which holidaymakers can take to save money.
According to travel site GeckoGo, holidaymakers should chat to locals and get inside information on the best places to shop and eat.
Using public transport or cycling and walking is also a great way to save money and for guests staying at La Manga Club, there is no better way to explore the surrounding countryside.
Tourism officials in the Spanish region of Andalucia have announced plans aimed at increasing visitor numbers.
Officials are hoping to improve sustainable tourism in the Axarquia area and are planning to invest around 43.5 million euros.
According to Euro Weekly News, the project will involve investing in the region's infrastructure and improving visitor attractions.
While golfing on one of the three world-class courses at La Manga Club, one of the last things one would like to do is to call home.
Then, of course there are the marvellous tennis facilities, perfect for practicing a serve - not so perfect for taking calls from friends, family or work.
However, there are always advantages to being reachable to loved ones back in the UK - which is why moneysupermarket.com has been comparing the best roaming tariffs offered by mobile operators.
Holidaying in La Manga Club is favoured by many holidaymakers due to the fact that the resort caters for almost all of their needs.
Nevertheless, before heading abroad for a festive holiday in Spain, families should make sure they do not leave one thing in particular to chance - insurance.
Making the recommendation, Marks and Spencer Money also revealed that 49 per cent of those who do take out a policy do not know what level of cover they have.
The risk is higher for those who do not book their breaks in one package but choose to pay separately for different components of their holiday.
British people holidaying at La Manga Club could be among the safest drivers there, according to their European counterparts.
According to a survey of the continent's drivers by swiftcover.com, one-third of Europeans believe Britons are the best - which they might like to prove by renting a car in Murcia.
Not only do the UK's motorists come out on top in terms of perception among their peers, but they also appear to be the most safety conscious.
One of Spain's leading theme parks is preparing to open its doors this weekend for a special Christmas event.
According to Typically Spanish, Terra Mitica, which is popular with families on holidays in Spain, will offer tickets at a reduced price in an effort to attract more visitors.
As well as plenty of Christmas decorations, there will be a living nativity scene, a festive market and a 20-metre Christmas tree.
Christmas events will be held on the 6th, 7th and 8th of December, with adult tickets costing 19 euros and children's entry priced at 13 euros.