People went on ten million fewer trips abroad last year, as the recession hit foreign exchange rates, in the biggest annual fall since the 19070s. The Office for National Statistics (ONS) revealed that families and businesses saved £5.1bn by cutting 15% of foreign visits. For many, the deciding factor was the fall in the value of the pound against the euro and the dollar, according to the ONS. Many will have opted for a holiday in the UK - labelled the “staycation” - instead. Visitors to the most popular foreign destination, Spain, fell by 2.2million to about 11.5million last year. Other hotspots to see big drops included France, which was down 1.1million visitors to 9.8million, Italy, down 760,000 to 2.6million, and Portugal, down 720,000 to 1.8million.