It’s been a long two years.
Now that travel is back on the cards again, it seems Irish people are determined to make the most of it.
Deloitte’s latest State of the Consumer Tracker shows that 71% of those surveyed plan to spend on leisure travel in the next four weeks alone.
Across the summer – over the next three months, – 67% of people (up 4% month-on-month) plan to stay in a hotel while 44% (up 4%) will stay in, or rent private accommodation. Those planning to take an international flight is up 5% to 53%, and Ireland as a country is 21% ahead of the global average of 32% – in terms of wanting to jet away.
“While concerns about inflation, the cost of everyday items and the Ukraine war are still key concerns for the Irish public, there is a sense that people feel they need – and have earned – a break away to switch off and enjoy themselves,” said Daniel Murray, Partner and Head of Consumer at Deloitte Ireland.
“Holidays are perceived as a priority, where affordable, for a significant majority of those surveyed.”
Ireland remains the third most concerned nation regarding inflation in the tracker, at 84% (down 1%; global avg. 76%). Six in 10 people are also either moderately or extremely concerned that the current conflict between Russia and Ukraine will impact their everyday lives.
“We are beginning to see somewhat of a levelling off or plateauing around financial concerns as people reluctantly accept that the conflict in Ukraine is not about to end any time soon, and prices are likely to continue climbing for fuel and staples like bread and pasta,” Murray said.
“Last month’s inflation rate was 7.8% in Ireland, but the European Central Bank have now announced at least one interest rate hike in a bid to counteract this.”