Seven Out Of Ten Greeks Will Not Take A Vacation This Summer

Photo © GTP

Seventy-five percent of Greeks will skip their summer vacation this year and stay home, according to the annual nationwide survey conducted by the General Consumer Federation of Greece (INKA).

The survey revealed that the reasons Greeks will stay home this year are: financial (75 percent), job and income insecurity (15 percent), professional obligations and other reasons (10 percent).

The federation’s survey, in which 791 consumers participated via telephone interviews during 2-16 June, showed that 40 percent of those taking vacations in 2014 would only stay away for four to five days.

INKA also showed that 40 percent would reside at a privately owned summerhouse, 30 percent at a family or friend’s summerhouse and only 30 percent would stay at a hotel or rent a room.

The duration of Greek family vacations are also expected to drop in 2014. According to INKA, 40 percent of Greek families will take a holiday for four days, 25 percent for seven days, 20 percent for 10 days, 13 percent for 15 days and only two percent for 20 days.

INKA also calculated that the minimum cost for a 15-day holiday for a four-member family in Greece adds up to some 2,700 euros.

In regards to Greeks traveling to international destinations during the summer, a 52 percent drop is expected.