Survey shows half of people will holiday differently due to cost of living crisis
A new survey shows that almost half of the population are planning to holiday much differently this year due to the cost of living crisis.
According to a new survey by MyHome.ie, of those planning to go on holiday this year, just over a third of people said they plan to go somewhere in Ireland, at 34% of people.
In comparison, 63% of people said they will be holidaying abroad as it works out to be better value that staying here.
Four in 10 said that they had to change accommodation plans due to financial issues, 77% said they are in disbelief about hotel prices in Ireland compared to previous years, with 72% saying the same about holiday homes.
Half of the respondents to the survey said they would rather rent a home in Ireland than stay at a hotel, with Kerry, Galway and Donegal being the top three counties to visit.
Speaking about the findings, the Managing Director of MyHome.ie, Joanne Geary said: "The cost of living crisis has had a significant impact on people for the past year, and now we are seeing that effect on the holiday market. It is clear that many people feel priced out of the Irish holiday market this year, and many of them have had to adapt and be flexible in order to get a much-needed break.”
She added that a significant cohort of respondents said they were forced to change their holiday accommodation plans due to financial constraints.
She continued: "Almost half of the respondents (46%) in this survey told us that they would rather rent a holiday home in Ireland than stay in a hotel. This corresponds with what we see on MyHome.ie, with an overall 36% rise in the number of inquiries for holiday home listings both at home and abroad in the first five months of this year compared to the same period in 2022."