Very few people spend so much on toys that they're forgoing a weekend away to Blackpool, never mind a week abroad!
I'm not sure I agree but the definition of 'toys' needs widening.
I know a few people that rarely/don't go away because they can't afford to, a couple of whom make the 'Good grief Something, you're going away AGAIN?' type comments to us.
Their kids all have top of the range phones and an I pad each though. One has just spent £600 on one of those fancy kids high beds that are all over fb ATM. Another's just had AstroTurf laid in the back yard to make a mini football pitch for her dc. And just generally over the year, money is spent on the dc for new this/updated that etc.
I'd say this could easily add up to a few weekend breaks or a week away. But it's different priorities, as with everything.