Summer holidays placed under the sign of inflation?
The context of generalized price increases is pushing the French to cut their holiday budget.
According to a CSA Research study for Cofidis, published on Tuesday, it will be down 8% this summer compared to 2019, i.e. before the Covid-19 crisis.
On average, those who intend to leave plan to spend 1,641 euros for these holidays, compared to 1,765 euros in 2019.
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The differences are significant depending on the generations: from 1141 euros for 18-24 year olds to 1930 euros for those aged 65 and over.
Ditto according to socio-professional categories: 1204 euros for CSP- against more than 2000 euros for CSP+.
But most French people will not leave with a light mind.
They are 64% to have the feeling that they will have to restrict themselves on their holiday budget.
A proportion that rises to 77% among 18-24 year olds.
The main reason put forward is of course inflation, by 52% of respondents, far ahead of the financial contingencies of recent months (15%) and other major spending projects for the months to come (13%).
Shopping for pleasure (59%) and catering and food (56%) will be the first victims.
8% could cancel their holidays
"
Unsurprisingly, in an economic context marked by high inflation, the summer holidays of the French will this year be placed under the sign of restrictions, both on pleasure purchases and on food and choice of accommodation
", comments Mathieu Escarpit, Marketing Director at Cofidis France.
Other recently published studies confirm these observations.
Nearly one in two French people (46%) are having financial difficulties organizing their holidays this year or are not leaving, according to an OpinionWay survey for Stairwage.
Inflation would be the main reason (59%).
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Another poll, from OpinionWay for Bonial, shows that 8% of French people could even cancel their leisure or their holidays due to the inflationary context.
14% of them consider reducing their holiday budget (place of stay, accommodation, activities, etc.).
A lower budget compared to last summer for a quarter of French people (26%), for its part underlines an Ifop study for Interhome – against 56% who plan an identical budget.