HOMEPAGE

Business

 

Almost one-third of Czechs can’t afford week-long package vacation, broadcaster reports

 
photo:  (radio.cz)
 

Almost one-third of Czechs can’t afford a week package holiday, either at home or abroad, Czech Radio reported on Wednesday citing the latest Eurostat report. The situation has improved – seven years ago the same was true for every second Czech.

 
 

When it comes to vacations, almost one-in-three Czechs have to rummage deep in their pocket for even just a one-week package vacation, either at home or abroad. In effect, if they go, they are living beyond their means. At the same time, the situation has gotten better. According to an estimate by the Association for Travel Agencies some three million Czechs will, or have, taken such vacations this year.

Pavel Sobíšek, an economist for Unicredit Bank, told Czech Radio that many Czechs were better off, based on personal property owned, from homes to plots of land and cash. Last year, the overall value of property and personal wealth amounted to 12 trillion crowns.

By comparison, the Czech Republic fares better than, for example, Romania or Croatia, where seven days’ vacation is reportedly not affordable for six people out of 10; on the same ladder, the Czechs fare worse than, for example, Italy or Spain. Several years ago, Czech Radio reports, Czechs took holidays lasting on average about 11 days; but the length of stays has grown shorter, the broadcaster says.

Only, not for financial reasons; the head of the Association of Travel Agencies Tereza Picková says the change has more to do with changes in lifestyle. Many no longer want one big vacation over the course of the year, but to break the year down into shorter vacations allowing them to see a broader variety of destinations. More and more Czechs also plan winter holidays the same way they do their summer. According to IPSOS, Czechs spend almost 14,000 crowns per head on their vacations, far lower than the 2,000 euros (or 52,000 crowns) spent on average by their counterparts in western European countries.

 
Author: Český rozhlas Radio Praha
 
Added: 09.08.2017
 
 
 

Related articles

 
Business
 
 

Crown closes in on pre-interventions...

The Czech crown has now reached its strongest level to the euro since before the central bank launched an...

 
 
Business
 
 

Czech business incubator created in...

The Czech state business promotion agency CzechTrade and the Association of Small and Mid-Sized...

 
 
Business
 
 

Spolana tops Czech polluters...

The Spolana chemical plant in Neratovice in Central Bohemia, tops the rankings of the biggest Czech...

 
 
Business
 
 

Czech-Iranian relations set to be...

Iran is one of the world markets that everyone wanted recently to get a share of with the prospect of...

 
Most favourite

History of Czech fine art

What happened in the realm of fine art at the very beginning of the Czech…

Climate

The Czech Republic is a landlocked country located in moderate geographical…

The most significant current discoveries

During the last decade, Czech science has made many revolutionary discoveries…

Czech language

The Czech language belongs to the group of West Slavic languages. From another…