41.5% of Hungarians unable to afford a 1-week holiday

Tourism

In 2019, 41.5% of Hungarians aged 16 or over were unable to afford paying for an annual one-week holiday away from home, according to data by statistical agency Eurostat.

In 2010, the rate stood at 64.9%.

The EU average share of people unable to afford a one-week holiday fell to 29% from 39% in 2010.

Eurostat argues that the downward trend is likely to halt this year, due to coronavirus-induced lockdowns and border closures implemented across the world.

Chart by Eurostat

Among EU Member States, Romania recorded the highest share (54.1%) of individuals unable to afford a one-week holiday. Residents of Greece came second, with 49% not being able to take a one-week holiday away from home, followed by Croatia (48%), Cyprus (45%), and Italy (44%).

On the other hand, only 10% of people in Sweden were unable to afford a one-week annual holiday, followed by Denmark and Luxembourg (both 11%), Finland (12%), Germany and Austria (both 13%).

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Hungary, UAE Sign Defense Industry Agreement Deals

Hungary, UAE Sign Defense Industry Agreement

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.