Those booking their holidays early this year have been urged to buy insurance as soon as possible, in order to protect against changes in circumstances such as redundancy.
According to esure, around 200,000 people per day are booking holidays in Spain and other popular destinations.
Mike Pickard, head of travel insurance at esure, said millions of Brits are booking early to secure bargain deals.
"At a time when pennies are being counted more than ever, it's important that Brits don't feel rushed into making a booking because of the price tag and do their homework beforehand," he added.
The season of over-indulgence is well and truly over now and it's time to shape up and get fit for 2009.
That may be easier said than done; however, guests at La Manga Club will find plenty of sports and leisure activities on offer to give them a helping hand.
Home to three championship golf courses, 28 multi-surface tennis courts and a state-of-the-art fitness centre, La Manga Club has everything you need to get into shape.
Meanwhile, those looking to detox in a more relaxing fashion can head over to Spa La Manga Club, where all manner of sumptuous treatments are on offer, with everything from body wraps to deep tissue massages.
The euro may still be riding high against the pound, but that hasn't stopped Brits from planning their holidays in Spain and other popular destinations.
In a survey carried out by Travelex, 45 per cent of respondents said they are planning to holiday in the eurozone this year.
Just 17 per cent of people said they are planning to stay in the UK and brave the chilly weather.
Trevor Davis, head of retail distribution at the Co-operative Travel, said that despite the credit crunch, people are keen to travel.
The Association of British Travel Agents (Abta) has welcomed the government's decision to allow a third runway at Heathrow Airport.
Heathrow is currently operating at 99 per cent capacity, meaning that future growth relies on the expansion.
Abta chief executive Mark Tanzer said the new runway would help to address the problems faced by the airport.
"Currently the skies above Heathrow are often full of aircraft circling in "stacks" waiting for a landing slot to become available.
Murcia is an idyllic destination and the ideal option for those looking to soak up some winter sunshine.
That is the opinion of travel writer Adam Steel of the Sunday Sun, who described Murcia as "the place for lazy days in the sun".
According to Mr Steel, a trip to Murica is not complete without a dip in the famous Mar Menor at La Manga.
As Europe's largest saltwater lagoon, the Mar Menor is a divers' paradise and is around six degrees C warmer than the surrounding waters of the Mediterranean.
British people would rather cut back on major purchases such as cars and sofas in order to pay for their annual holidays in Spain, it has been claimed.
Frances Tuke, a spokesperson for the Association of British Travel Agents (Abta), said holidays had fared relatively well in other recessions and are seen as an important and often essential expenditure.
In a recent survey by TUI, 88 per cent of people said they would rather give up something else than sacrifice their foreign holidays.
"They are certainly an area where people don't want to cut back on, they'd rather give up a brand new sofa or car rather their holidays," she commented.
Spain will always be a favourite destination for British holidaymakers, it has been claimed.
Simon Calder, an independent travel expert, said that despite the unfavourable exchange rate between the pound and the euro, British holidaymakers are unlikely to turn their back on Spain.
"Spain is fantastic value for money whether you are in the Balearic Islands or Costas, you are going to get some very good deals this summer," he commented.
Meanwhile, a recent survey by Aldi Travel suggests that Britons are unlikely to sacrifice their holidays this year.
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.