Save Instead of Travel: Every Third Austrian Foregoes Summer Vacation This Year
Due to inflation, a frugal mentality prevails even during the summer holidays of 2025: Almost three-quarters of local travelers want to save something. A third of Austrians are even completely forgoing their summer vacation this year. This is the result of a representative Integral survey of 1,000 respondents commissioned by IMMOBILIENRENDITE AG.
Saved Vacation Money Pays Off Austrians' Debts
22 percent put the money saved during the holidays into a savings account, especially those under 30. 14 percent use it to pay off debts, particularly those aged 30 to 49. 11 percent invest it in children or grandchildren. 9 percent save for a new car. Just as many take a staycation and use the savings to buy new plants or patio furniture. Mathias Mühlhofer, CEO of IMMOBILIENRENDITE AG: “Only one in 20 respondents sets aside the saved money for purchasing a property. This is not a good signal for increasing the homeownership rate in Austria.” And 28 percent cannot save anything during the holidays because nothing is left after returning from vacation.
Vacations Still Highly Popular
Nevertheless, a trip remains the favorite luxury of Austrians. Despite rising hotel and restaurant prices, they do not let their desire for summer, sun, and beach be spoiled. They are just not as generous as they used to be.
Austria Prefers Comfort on Vacation: More Than a Third Prefer the Classic Hotel
In terms of accommodation, Austrians show a clear preference for comfort: 38 percent go to a hotel where breakfast is served at a buffet and perhaps even dinner is served. However, 18 percent prefer to rent via Airbnb or a holiday apartment, especially those under 30. 9 percent stay at a campsite or in a self-catering cabin. 6 percent save costs by staying with grandparents, relatives, or friends. Around 10 percent of people from Vienna and Tyrol own a second home or a holiday house, while this is hardly the case in other federal states.
Markus Kitz-Augenhammer, CEO of IMMOBILIENRENDITE AG: “Although owners of holiday apartments and second homes are increasingly under pressure in terms of taxes, this form of vacation is still popular with a certain clientele.”
One in Ten in Austria Spends Over 4,000 Euros on Vacation
On average, Austrians will spend 2,140 euros for two weeks of vacation for all travelers this summer. However, 30 percent invest a maximum of 1,000 euros in family holidays. 10 percent, however, spend over 4,000 euros. Households with children spend an average of almost 2,900 euros, while those without kids manage with just over 1,900 euros, and singles even with 1,585 euros.
One Third Will Forego Summer Vacation in 2025
30 percent of Austrians are not going on vacation this year. For 40 percent of them, a trip is simply unaffordable. A quarter (25 percent) prefer to save the money for other investments. 19 percent believe that it's the nicest at home anyway. They don't miss the trip. 8 percent consciously do not travel abroad and prefer to spend their money patriotically at home to boost the weak economy. Only 3 percent cite the environment as the reason for consciously foregoing a holiday trip. Petra Starecek, study director at Integral: “A relatively large group, namely 3 out of 10 Austrians, are not going on vacation at all this summer. But only a small part of the respondents do this for the sake of the environment, that is, out of conviction.”
(Red)
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