22% of Irish people unable to afford a holiday this year

Official data indicates that Irish people take on average two holidays per year.

22% of Irish people unable to afford a holiday this year

22% of people say they cannot afford to go on holiday, according to a survey from KBC Bank Ireland.

The bank's consumer sentiment survey for July found that spending on holidays only accounted for about 6% of household expenditure in 2018, despite growing by 10.8%.

Despite 22% of Irish consumers saying they are unable to afford to go on holidays this year, 69% plan to take a significant holiday.

9% are not taking a holiday for reasons other than affordability.

Official data indicates that Irish people take on average two holidays per year.

According to Austin Hughes, Chief Economist at KBC Bank Ireland, who carried out the analysis, the survey suggests that those who take holidays take three holidays each on average while more than one in five Irish people don’t take any holiday because of financial constraints.

He found that the results suggest a substantial number of households are still struggling financially in spite of the strong economic upswing of the past five or six years.

Of those Irish consumers taking holidays in 2019, most plan to spend around the same as last year.

Averaged across all consumers, holiday spending is set to be just 0.6% higher than in 2018, according to KBC.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited