Redundant over 30s 'taking a gap year'

People facing redundancy are turning to travel - creating a generation of "grown-up gappers", a new report revealed today.

The research revealed that three-quarters of those hit by job losses are planning to use the time to take a version of the traditional student gap year.

Those aged 30-55 are twice as likely to travel after being made redundant than those aged 18-24, according to the report.

Despite the economic downturn, travellers are still prepared to spend big while away, with 38 per cent spending more than £3,000 and 16 per cent more than £5,000.

Peter Davies, director of Travelex, which questioned more than 4,000 people about their post redundancy plans, said: "Our recent research highlights that the 'grown up gap year' is a rapidly growing market, with many people opting for an extended break to destinations that they may not have visited in their youth."

Tom Marchant of bespoke travel agency, Black Tomato, added: "We've certainly seen an increasing number of older travellers as a result of the recession.

"While a lot of them are looking for intrepid adventure, their spend is much higher than younger gappers and they opt for better quality accommodation and surroundings."