Easter holidays are approaching, and with them, the decisions about destinations and budgets by Spaniards. A recent study has identified that Andalusia has become the preferred destination for these festive days, chosen by 30% of the respondents. It is followed by the Valencian Community, with 8.6%, and various European countries, with 8.1%, although these percentages are considerably lower than that of the Andalusian destination.
While 67.1% of survey participants plan to leave their town during the holidays, 31.2% will stay at home, and 1.7% will not have the opportunity to enjoy days off. Young people and men are the most inclined to seek adventures outside their usual environment, with 74.4% and 70.7% respectively.
In terms of spending, it is estimated that Spaniards will spend an average of 588 euros during Easter. 15.2% of respondents plan to spend less than 200 euros, while 21.8% plan to allocate 800 euros or more to their holidays. It is observed that older people, between 55 and 65 years old, as well as those with incomes above 4,000 euros, are the ones who plan to spend more than 700 euros. In contrast, young people aged 24 to 35 and those with lower incomes tend to opt for smaller budgets.
The criteria for choosing a destination also vary according to gender. Men prioritize the availability of accommodation (38%) and traditions (36%), while women prefer factors such as the weather (52.3%) and the duration of the holidays (48.6%).
Regarding the financing of their holidays, 22% of Spaniards consider opting for some financing solution. Of this group, 14.5% will choose deferred payment, and 7.5% will apply for a personal loan. Although holiday credit applications have decreased by 21% compared to the previous year, the number of applications has doubled compared to 2022.
Most respondents seek to balance the time of payment and the interests when paying back a loan. However, younger people and those with lower incomes prefer longer payment periods. In this sense, factors like trust in the financial institution, transparency in interests, and the simplicity of the process are key when choosing to finance their vacation expenses.
Salvador Loscertales, general manager of Oney in Spain, emphasizes how consumption habits are undergoing a process of evolution towards greater digitization and flexibility in financial management, highlighting the interest of Spaniards in innovative payment solutions adapted to their current circumstances.
Referrer: MiMub in Spanish
