Monday 23 October 2017

We'll spend €1,000 on holidays this year

We'll spend an average of €1000 on holidays this year
We'll spend an average of €1000 on holidays this year

Charlie Weston Personal Finance Editor

HOLIDAY-makers will spend an average of €1,000 on their trip this year, with most heading for the sun.

And savvy consumers have been planning ahead for the big spend on their vacations, a savings survey indicates.

Around six out of 10 Irish people plan to take a summer holiday this year.

Some seven out of 10 of those packing their bags with sun cream and bikinis and heading off for a week or two have put money aside specifically for the trip, a savings survey from KBC Bank today shows.

Almost one in three distrust the Irish weather and plan to take a sun holiday.

Those who have savings accounts are more likely to head off on holiday, indicating that the security of having some money tucked away allows these people the luxury of a holiday.

KBC Bank Ireland director of retail banking Dara Deering said that the results show that most people plan ahead.

“The day of the last-minute offer may not be dead but it is clear that Irish people budget for their holiday well ahead of time.”

She said 70pc of holidaymakers save specifically for their holiday, while only 20pc plan to use their credit card and a mere 5pc intend on taking out a loan to pay for it.

Online Editors

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