From the Daily Mail:
Millions have already abandoned their foreign holiday in favour of a ‘staycation’.
However, as families continue to find money short in the fallout from the recession, millions more are rediscovering the ‘greycation’ to ensure they get a break. The term is used to describe a vacation where three generations of a family stay together.
An estimated 2.7million families are planning to holiday in the UK this year with children, parents and grandparents all in the same resort, according to a survey.