The study, conducted among 1,000 Provident customers shows that Hungarians on average spend less than HUF 200,000 on a holiday, but also that 13% are able to make trips several times a year, according to a press release sent to Budapest Business Journal.
While in 2016, half of respondents said they planned to go on holiday, this year almost two-thirds said they go on vacation regularly. Almost half, 46%, picked a domestic target for this yearʼs holiday, a huge increase compared to 26% two years ago. As for foreign travel, 17% are planning this, a 5% increase in two years.
The customers surveyed prepare for the expenses well in advance. They save each month for the holiday and only 21% save for 2-3 months. Most of the respondents spend between HUF 100,000 and HUF 200,000 during holiday, and only 6% HUF 300,000. Half of the families have to make an effort to save but say they can cope with it, and 26% have no problem saving for their holiday budget.
Families not only need to save for the vacations spent together; summer camps for the children are also a burden. More than half (56%) of families send their children to a camp during the summer. About 47% of the respondents spend HUF 20,000-30,000 on summer camps, and 19% more than HUF 50,000.
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