Survey Reveals 45% Of Irish People Plan To Spend Up To €1,000 On Staycations
According to The Irish Independent, staycation spending is expected to soar this summer.
A new survey of the Irish public showed that 45% of people plan to spend up to €1,000 on home holidays.
23% plan to spend more than €1,000 on their staycation, according to the survey of 1,000 people, conducted for the Europcar Mobility Group Ireland by iReach.
It comes as household savings have surged during the pandemic, rising by €15 billion to a new record of €131 billion, according to Central Bank data.
Whilst some quarters have expressed concerns at expensive costs, others, such as 69% of Generation Z (18-24) respondents, "believe that staycations are cheaper than foreign holidays", Europcar says.
There is also pent-up demand for travel, the survey suggests, with 63% of people not having taken a holiday since March 2020.
Despite a flagged return of international travel from July 19, most people (56%) plan to holiday at home in 2021, the survey also found.
Early research commissioned in May by the Competition & Consumer Protection Commission (CCPC) found 62% of respondents were planning a staycation, while just one in five planned to holiday abroad in 2021.
"Ireland has been offering wonderful experiences to overseas tourists for decades and now we get to rediscover our own country," said Colm Brady, managing director, Europcar Ireland, when speaking to The Irish Independent.
The survey also suggests most people (62%) are "opting against" using public transport on staycation, though consumers will also be aware of global reports of a soaring demand for rental cars as travel returns - which has seen prices rise on the back of supply shortages in many markets.
"All car rental companies, including ourselves, have lowered their fleet over the past year to a very low level compared to previous years," said Brady, who added that a reported global car shortage could see a squeeze on supply in "high-demand" areas.
"Prices certainly won’t double, but there will be increases at some holiday destinations," he said, advising people to book ahead and avoid areas that are in high demand for the most competitive rates.
Europcar's research also found that the west coast (46%) is the most popular staycation spot in Ireland, followed by the south coast (21%), east coast (14 %), and midlands (13%).
© 2021 Hospitality Ireland – your source for the latest industry news. Article by Conor Farrelly. Click subscribe to sign up for the Hospitality Ireland print edition.